Icap Moves STP Closer to Traders
OPERATIONS AND STP
JERSEY CITY, N.J.--Interdealer broker Icap is attempting to move the trade-checking process from the back office into the hands of traders with the hope of reducing errors and cutting settlement times.
To get there, the firm has added an "accept/reject" function to its Electronic Trading Community (ETC) platform for fixed income that serves both its electronic and voice broking customers, officials say. The function, similar to instant messaging, allows users to catch the errors that crop up
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