GSTP to Sell Off Matching Engine

STP AND OPERATIONS

    • WatersTechnology Staff
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ZURICH--Bankruptcy lawyers for GSTP, the failed operating company of the Global Straight Through Processing Association (GSTPA), are now opening the bidding process for the software assets of the vendor in an effort to recoup the moneys due to creditors. The move is in preparation for an auction of the Transaction Flow Manager (TFM) central matching solution.

The move comes after six months of wrangling over the ownership of the assets between the five-man creditors council and representatives of

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