To slash errors, give the sales trader STP capabilities


For a while, the concept of straight-through processing (STP) was co-opted into the great battles of T+1, until that war was deferred. While the industry struggled with the staggering costs and marginal benefits of improving the settling and clearing cycle, a number of firms were beginning to achieve a much bigger bang-for-the-buck by focusing their attention on automating the earlier phases of the trading cycle, specifically the work of the sales trader.

The sales trader is the critical link for

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