GSTPA Picks Its Own Winners As TFM Consortium Is Announced
SPECIAL REPORT
NEW YORK--The Global Straight Through Processing Association Processing Association (GSTPA) wrapped up a tumultuous year by picking a hybrid consortium of five vendors to build its Transaction Flow Manager (TFM). The TFM is expected to play a key role in facilitating straight through processing and the T+1 settlement cycle, which the industry is expecting to move to by 2002. Choosing a consortium to build the TFM has been GSTPA’s main focus in 1999.
The winning bidders are The Depository Trust
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