EDITTORIAL

EDITTORIAL

Is GSTPA's Route To STP The Road Less Traveled?

The Global Straight Through Processing Association's (GSTPA) Transaction Flow Manager (TFM) has been touted as part of the great leap forward to straight through processing. But the muscle of its board of directors may not be enough to overcome some nagging problems behind the way GSTPA operates.

While TFM may be a no-brainer, how the industry gets there from here is taxing the imaginations many of those involved. If TFM is an essential element, then

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Where have all the exchange platform providers gone?

The IMD Wrap: Running an exchange is a profitable business. The margins on market data sales alone can be staggering. And since every exchange needs a reliable and efficient exchange technology stack, Max asks why more vendors aren’t diving into this space.

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