The state of straight-through processing in energy markets
Integrated front- to back-office processes in energy trading still lag those of financial markets considerably, putting energy markets at a big disadvantage. Lianna Brinded takes a look at why this is the case, and whether change is on the way
Straight-through processing (STP) – the automation of the entire trade lifecycle from execution through to settlement – is a Holy Grail for even the most sophisticated of financial markets, but energy markets are way behind when it comes to embracing the systems and processes that make STP possible.
This means they are missing out on the vital benefits of STP, and, if the situation is not remedied, growth could be stymied, with energy markets unable to move to the next level of sophistication
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