GSTPA Gears Up for Pilot


The Global Straight Through Processing Association and Axion4 are preparing for a much-anticipated pilot test of their post-trade, pre-settlement cross-border trade management utility. All the coding--some 3 million lines’ worth for the system’s core trade messaging and matching engine, the Transaction Flow Manager (TFM)--is complete, and axion4 is ready to take its next step, according to KPMG Consulting’s C. Steven Crosby, acting CEO of GSTPA AG.

Currently in final acceptance testing, the

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