BNP Unit Pushes STP for FX
OPERATIONS AND STP
LONDON--BNP Paribas Securities Services is using CheckFree’s straight through processing (STP) module to scale its processing services for foreign exchange (FX) transactions.
The CheckFree TradeFlow TPM solution covers FX trades from the order/entry to the settlement stages. The BNP business unit serves brokers, counterparties and custodians.
The firm automated this process to broaden the appeal of its offerings and lay the groundwork for extending this system "across asset classes and clients,"
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