The technology test

Trading systems

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Straight-through processing (STP) is a simple enough concept - the ability to process a transaction from beginning to end without any manual handling, enrichment, or enhancement throughout the trade's life cycle. The benefit to market practitioners is obvious, with an effective STP system able to capture a trade, manage its operational risk and significantly reduce transaction costs.In recent years, the massive increase in volumes of over-the-counter derivatives has forced STP vendors to dev

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