STP: still a distant goal
FEATURE: DRIVE TOWARDS STP
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
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