STP: still a distant goal

When the concept of straight-through processing (STP) of the trade lifecycle was first entertained almost a decade ago, many industry practitioners saw it as an absolute and not a drawn-out incremental process. But as Stewart Eisenhart reports, buy-side firms are still a fair way off achieving totally automated trading environments, regardless of the vendor community's insistence that STP has arrived.

It's not quite a back-to-the-drawing-board scenario, but proponents of straight-through