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Fund Managers And Brokers Commit More Money To STP

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LONDON--The investment managers and broker-dealers behind the securities industry's drive toward global straight through processing increased their commitment to their goal by incorporating the GSTP Association. The move follows last year's formation of the Global Straight Through Processing Committee (ITT, July 10) which was largely due to the Depository Trust Co.'s backing of industry-wide STP, and the recent formation of the new group is designed in part to increase the level of funding the

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