SIA Releases Post-Trade Methodology
OPERATIONS AND STP
NEW YORK--The Securities Industry Association released the final draft of the fourth version of its Institutional Transaction Processing Committee’s (ITPC) model for post-trade settlement in late May, which establishes a consensus methodology for settling and matching trades. The final draft resolves two sticking points between virtual matching utilities (VMUs) Omgeo and the Global Straight Through Processing Association (GSTPA) by adding support for both models, though it might make more work
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