Straight-through processing (STP) is in danger of becoming the latest white elephant of the IT industry if vendors and brokers behind the project do not win over sceptical investors.
STP â processing a trade from execution to settlement with no manual intervention â was teed up several years ago as the way forward for the securities industry. At a recent roundtable discussion, the enthusiasm from brokers and IT suppliers was countered by scepticism from the buyside.
