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Headline: Twists and turns on the straight-through route Source: Euromoney Date: April 2001 Author: Jonathan Brown The markets’ goal of next-day settlement of equities and bonds will only be achieved if there’s full implementation of straight-through processing. The more volumes continue to increase, the more urgent this becomes. Yet two rival systems have not agreed on common standards and sceptics fear that implementing full STP and T+1 settlement will be a decade-long project for cross-border trading. Over the past year, straight-through processing (STP) has become something of a buzz phrase in the wholesale securities markets. |
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