SIA Model Spurs Debate Among VMUs

OPERATIONS AND STP

NEW YORK--The Securities Industry Association has released its Institutional Transaction Processing Model for comment, throwing light on the differences and similarities among the three major utility providers thus far: the Global Straight Through Processing Association (GSTPA), Omgeo and Sungard.

This is the third version of the model released by the Institutional Transaction Processing Committee, which is chaired by Goldman Sachs' Peter Johnston and comprised of representatives of eight

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