Twists and turns on the straight-through route

Headline: Twists and turns on the straight-through routeSource: EuromoneyDate: April 2001Author: 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 […]

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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