STP rate set to rise in Europe

TECHNOLOGY NEWS

LONDON -- Straight-through processing (STP) of trading in Europe is set to rise dramatically in the next two years, according to a survey of asset management companies published in April.

But the firms are concerned about how IT strategies match up to the need for competitive edge and operational flexibility, said UK-based consultants Tiger Projects Investment Management.

Tiger Projects polled asset managers with funds under management ranging from £150 million ($220 million) to more than £100

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