Over the next four years, financial institutions will spend $19 billion on Straight Through Processing (STP) according to industry experts. STP refers to the seamless electronic processing of a trade from order entry and execution through to settlement and clearing.
“STP is one continuous process covering the entire financial trade cycle, which will provide inter-operability between investment managers, brokers and custodians throughout the trade cycle,” says Ian Evans, Strategy Development Manager at Reuters Solutions and STP Solutions Specialist, Reuters Gulf.
Reuters is a global provider of financial information, news and technology to financial institutions, the media, businesses and individuals. Offering customers a combination of content, technology and connectivity,
Established in the Middle East over 130 years ago, Reuters' commitment to the Gulf expanded some seventy years ago with the establishment of its office in Bahrain. Reuters now has nine offices in the Gulf region with a full-time staff of more than 130 employees. The Gulf head-office is now based in the Dubai Technology, E-commerce & Media Free Zone. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
