TRADING TECHNOLOGY PERSPECTIVES

TRADING TECHNOLOGY PERSPECTIVES

Yeah, yeah, yeah.

Everyone's going on about the integration challenge. Straight-through-processing and all that. Which is great.

But it's been coming for a long time and it takes us, frankly, into realms where the level of value-added seriously declines. STP is the vertical integration of a set of processes--from pre-trade data to transaction to deal capture to position-keeping to portfolio management to risk management to accounting to settlement to global custody. With lots of stops along the

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