Alleviating Back-Office Pressures with a New Approach to STP
Traders Magazine, September 2006
The most over-utilized, misunderstood term in financial services has to be STP (Straight-Through Processing). The dream of every operations manager during the T+1 era was the front-to-back utopia associated with sending trades through their entire lifecycle without manual intervention. To some, this meant wholesale replacement of legacy back-office systems. But to others, it meant pulling out critical pieces, like allocations and instructions, from in-house solutions and moving them into outsourced business models. Nevertheless, STP has produced sequential initiatives that solve immediate pain points.
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