GSTPA Sells Off Intellectual Property Assets


ZURICH—The auction of the intellectual property (IP) from the defunct Global Straight Through Processing Authority (GSTPA) earlier this month failed to attract a single bid from software vendors or financial institutions.

Instead, it was left to an individual who worked on the GSTPA project for Teknesoft-Tata Consultancy Services, Jakob Schmid, to acquire the software for the price of 10,000 Swiss Francs (CHF) ($7,950), a sign of the swift pace of the devaluation of these technology assets, say

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