TITLE

Back Offices Falling Behind, Execs Warn

PUB. DATE
June 2010
SOURCE
Securities Industry News;Summer2010 Supplement, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
51433095

 

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