Fidelity And 15 Partners Push Standards For Straight-Through Processing
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A global initiative to speed up the settlement of cross-border securities trading through straight through processing (STP) was unveiled by 15 major institutions in London earlier this week. Initial estimates are that this effort could cost from £10 million to £20 million, although group members expect to spend the next six to nine months discussing the project's scope and its objectives before they begin spending any real money. But if anyone can afford such a high price tag, it's this group
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