Product Type: Market Research Report
Published by: TowerGroup
Published: February 2001
Product Code: R301-692Description Investment management firms have been working diligently to implement automated linkages to external counterparties, all in the name of straight through processing (STP) and in preparation for industry-mandated settlement of trade date + 1 (T+1), required by June 2004. While these external links will help in the quest for STP, buy-side firms have exposed some real gaps in their internal processing structures, exemplified by the heavy manual intervention required to process many transactions. In order to be adequately prepared for T+1 and STP, investment managers are coming under pressure to fix their internal processing through automation and re-engineering.
|
|
