Business Services Industry
STP - What's in store for 2003.
Australasian Business Intelligence, February, 2003
Feb 21, 2003 (Australian Banking & Finance - ABIX via COMTEX)
The US Securities Industry Association postponed its T 1 date in 2002. The removal of the mandate made the financial sector concentrate more on STP (straight through processing). Operational efficiency is enhanced through the use of STP, while costs and trade delays decline. There have been over 50 early adopters of Omgeo CTM in the past year, which is indicative of the degree to which companies want to improve STP in 2003. Asian firms have taken a very practical approach to the implementation of STP, focusing on back office improvements before tackling trade delays.
Publication Date: 17 February 2003
SECURITIES INDUSTRY ASSOCIATION
By James E Drumm
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