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RIP STP, long live ICMA

04 September 2007 Be the first to comment

Paul Penrose

Head of Research

Finextra

STP (the industry trade mag) may be dead, but co-founder and MD Graeme Austin has conjured an unlikely resurrection as director of product management for the market services business of the International Capital Markets Association (ICMA).

Officially, STP Information Services went into voluntary liquidation a few months back after HM Revenue & Customs took an interest in the financial situation of the business. Although the first nail was probably driven into the coffin way back in 2003, when TowerGroup wrote a eulogy for the concept of straight-through processing in a report entitled: ‘Automated Automated Trade Flow in the United States: STP is Dead, Long Live STP’.

Or in Graeme’s case: RIP STP, Long Live ICMA!

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