Moneyline, PaceMetrics Team Up for STP Hub
OPERATIONS & STP
LONDON--Moneyline Telerate and PaceMetrics have been collaborating on a new product, STP Hub, that grafts Moneyline's Market Information Server (MIS) to PaceMetrics' exception monitoring and resolution products to cut the costs of handling failed trades that delay the STP process.
Available now, the STP Hub is in pilot tests at two firms--a US bank and a European bank, say PaceMetrics officials.
It's estimated that "30 percent of failed trades are a result of poor reference data," says Gerry Buggy
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