SmartStream Adds Swift Support To Make STP Affordable
Software vendor SmartStream Technologies has configured its Transaction Lifecycle Management product to support Swift's Global Electronic Trade Communication (GETC) system, in a move it says will make straight-through processing (STP) more affordable for users.
GETC uses Swift ISO 15022 to provide local matching capabilities for fixed-income and equities trades for both buy- and sell-side firms. "[This] provides firms, which may not have automated the confirmation process, a cheap route to
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