The Long And Winding Road To Straight-Through Processing
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NEW YORK--With the Global Straight-Through Processing Association (GSTPA) wanting to achieve a T+1 trade settlement cycle for cross-border trades in a few short years, software solutions providers have gone back to their drawing boards to strategize how best to meet new demands at buy-side firms. Luckily for them, Microsoft has been an omnipresent, if invisible, force at their strategy sessions.
The Holy Grail of STP, according to the GSTPA, involves less of an external quest than an internal one
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