Global Straight Through Processing Association has chosen vendors to build and operate its cross-border trade-matching utility. The firms selected are Depository Trust and Clearing; IBM; SegaInterSettle; S.W.I.F.T.; and TKS Teknosoft SA/TATA Consultancy Services. The cross-border trading model will be a trading network and a transaction flow manager to facilitate and control the flow of information from post-trade to pre-settlement. The system would be used by investment managers, broker/dealers and global custodians.
Global Straight Through Processing Association has chosen vendors to...
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