Sun shines out of the back office

Nigel Woodward, worldwide manager for capital markets and securities at Sun Microsystems, talks to FinanceAsia.

What real effect do you think all the hype about straight-through processing STP is actually having on the global securities industry today

There is intra-party and inter-party STP. The intra piece is getting a transaction going from front, to middle, to back office faster. And the inter piece is doing this between counterparties - GSTPA, Omgeo and all these other utilities that are being set up. A lot of these service providers are still pre-public domain. There are some in Hong Kong and Singapore where we know the design and commercial aspects are being discussed before they come to market.

For a lot of these smaller firms to get towards Tn, where...

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