LONDON - The Global Straight Through Processing Association has announced the five vendors it will work with to build a cross-border system for matching and processing securities trades.The vendors are the Society for Worldwide Interbank Financial Telecommunication, Depository Trust and Clearing Corp., International Business Machines Corp., SegaInterSettle AG, and TKS Teknosoft SA/Tata Consultancy Services.

They were chosen from 22 that participated in the request-for-proposal process.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.