STP by the numbers
FINANCIAL TECHNOLOGY INTERNATIONAL YEARBOOK 2003
Less than one-sixth of 50 top securities firms surveyed are STP-ready, according to a recent study commissioned by BEA Systems, Inc. Indeed, 54% of respondents say their firms are still in the assessment or planning stages of STP, while just 30% are in the implementation phase. And that is probably a good thing. Unlike Y2K, decimalization or ISO15022 conversion initiatives, STP is one area where being a bit behind the curve might actually benefit firms. New enabling technologies such as
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