Is STP Lite A Fine Fix?
STP
CIOs and industry observers wonder if the FIX 4.4 messaging protocol can offer a viable alternative to Omgeo’s Central Matching Utility.
Who needs central matching when local matching might be good enough--and cheaper to boot? That’s the idea behind STP Lite, a concept that advocates say can make use of FIX 4.4 to offer trade matching, allocations and settlement messages at far lower costs than Omgeo, the trade management utility provider jointly owned by Thomson Financial and the Depository
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