Scrittura Targets OTC Derivatives
FRONT PAGE: VENDOR UPDATE
LONDON—Scrittura, a vendor of document automation technologies, is launching new messaging software this week that will add a greater degree of automation and straight through processing (STP) to over the counter (OTC) derivatives trading.
The software addresses the issue of back-office processing for OTC derivatives contracts, which has traditionally been manually intensive. According to officials at the vendor, the software has already been adopted by a major undisclosed European bank and is
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