Source: City Networks
Banks using specialist order matching systems are achieving higher levels of straight-through processing than counterparts with more generalist tools in the foreign exchange, money and derivative markets. This is the key finding of independent research commissioned by City Networks.
A cohort of the top 200 banks was initially surveyed by independent market researchers. Over 25% of those leading institutions provided detailed responses.
The study showed a wide range of straight-through-processing rates from as little as 30% to 100%. Ignoring the outliers, the bulk of respondents reported rates between 80% and just below 100%. Those achieving the highest rates of STP — and by a wide margin — were using specialist systems in regional or global hubs.
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