FIX Committee And GSTPA Co-operate On Standardizing XML

THE FIX FILES

As technology has become imbedded in core industry processes, connectivity standards have become an industry concern. A chief demand of straight through processing is the seamless integration between systems in the securities industry.

The Global Straight Through Processing Association (GSTPA) is trying to promote the efficient flow of cross-border information in a T+1 environment, but has found that lack of standardization and incompatible technologies have led to a high rate of failed trades

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