LETTER FROM THE EDITOR

STP SPECIAL REPORT

STP: Flavor of the Decade?

These days, it’s hard not to write about straight through processing. After all, STP will fundamentally alter every business process in the trading cycle. No wonder vendors old and new are racing to provide solutions.

The thing is, there’s no right way to proceed. Changes of this magnitude require fundamental shifts in the core business, not just new software packages. Vendor solutions can provide infrastructure and interoperability to a degree, but there’s no easy plug

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