GSTP Signs Sungard; Omgeo Joins Swiftnet
OPERATIONS AND STP
ZURICH--GSTP AG signed Sungard to provide facilities management for the Global Straight Through Processing Association (GSTPA) virtual matching utility, including operation of the Transaction Flow Manager (TFM), the centerpiece of the VMU, GSTP announced at last week’s SIA Operations Conference. The move had been predicted after GSTPA severed ties with its software partner, Axion4 (TTW, April 29).
Sungard plans to stick to GSTP’s Sept. 1 deadline for production, which GSTP had pushed back from
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