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Uninterrupted Trade Flow

Traders Magazine, October 1999

Nick Davidge

The days of processing a securities transaction in a batch cycle are long gone. Nowadays, straight-through processing, or STP, is the objective for securities trading firms. Competitive pressures demand faster order and execution turnaround, immediate access to best execution liquidity sources and timely and efficient settlement processing.

At the heart of STP is a message switch. That switch is part of a message routing network.

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