Kirby Out, STP Still In, Says Reuters
VENDOR UPDATE
LONDON--Reuters dismissed reports last week that it is exiting the straight through processing (STP) arena after disbanding its Integration for Trade Management (ITM) practice and laying off the practice’s London-based staff.
Reuters’ rebuttal comes in the wake of reports that suggest that the vendor had scaled back its STP ambitions after laying off Anthony Kirby, marketing director of ITM, as well as Terry Drewitt, Marin Haines and Andrew Muir--all of whom worked with Kirby. Kirby was brought
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