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Compiled by KirkKjeldsen
GSTPA and Four Firms Complete T+1 Pilot
Morgan Stanley, Fidelity, Northern Trust and TD Asset Management have successfully completed pilot trades using the Transaction Flow Manager (TFM), the Global Straight Through Processing Association’s central trade matching engine.
The pilot involved a basic equity trade between TD Asset Management and Morgan Stanley with one allocation and no cancels, replaces or rejections. The same basic equity trade was also conducted between
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