Consortium tackles broker STP

The real-time post-execution messaging service supports foreign exchange, money markets, interest rate options, traded paper, bonds, options, metals and energy.

The service saves time for both traders and brokers by enabling the front office to send notifications – although confirmations would still be performed by the back office. Disagreements over tickets can then be clarified immediately, rather than at a later stage by back-office staff.

Jamie Salamon, head of business development at broker

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