Wallstreet Systems recently sent out a white paper written by McLagan (Z/YEN). This has attempted to provide a proper analysis to the true cost per trade and suggest a methodology for benchmarking straight-through-processing rates. The report was commissioned as part of Wallstreet’s marketing for its Electronic Settlement Network (ESN), which was announced in October.
Obviously, the report does help underpin the logic of ESN, but it also serves a wider purpose and makes interesting reading. “We wanted something to verify our value proposition.
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