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Which STP service is the best fit for you?

Since the Fed sent trade processing rocketing up the priority list, a flood of new STP initiatives have appeared to help banks and investors get trades online. But what do they do and which should you use? Jean-Paul Carbonnier investigates

The archaic methods still being used to process credit derivative trades have been well-documented - perhaps most famously by former Fed chairman Alan Greenspan, who described the use of scraps of paper in this technically advanced age as "appalling".

The Fed had already publicised the issue by summoning major derivatives dealers to a meeting where they committed to a series of targets to resolve

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