Andersen Consulting is working on a straight through processing system, with the help of STC, which will provide the integration layer for what Andersen plans to call Web eSTP. Bloomberg has signed a memorandum of understanding that it will offer Web eSTP clients access to Bloomberg-generated market information, analysis, news and trade/order management capabilities.

"Asset managers in the United States, who manage $15 trillion, spend between $30 billion and $45 billion annually in what are

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