Back Offices Falling Behind, Execs Warn

June 2010
Securities Industry News;Summer2010 Supplement, p6
Trade Publication
The article discusses the statement issued by Advent software executives John Bird and Colby Payne on the clearing, processing and settlement practices of clearing firms, published in "The Journal of Trading." They suggest that these post-trade practices are not up-to-date with technology, and the problem can be addressed by implementing standards and industry protocols. They cite systems such as the OASYS by Omgeo and the FIX protocol as examples.


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