Headline: Axion4: close to full implementation Source: Euromoney Date: October 2001 Axion4gstp was established in March 2000 to develop the global straight-through processing initiative. The company was born out of a collaboration between the Swiss securities depository SIS SegaIntersettle, messaging service SWIFT and TKS-Teknosoft SA, on behalf of the Global Straight-Through Processing Association (GSTPA), an industry-wide initiative founded in August 1998 to promote straight-through processing (STP).
The TFM is essential to the system, providing a service that tracks, matches and time-stamps information between the counterparties in every trade. |