Jack Lemonik Chief Technology Officer of FXall
Jack Lemonik Chief Technology Officer of FXall

STP: the glue that makes electronic trading stick

As STP is implemented, foreign exchange will be traded more efficiently than ever before. The entire trading process will be streamlined. Indeed, this revolution is already happening. Jack Lemonik outlines how clients define what they require from ST

First Published: e-Forex Magazine 9 / Leader / January, 2003

As STP is implemented throughout the industry, foreign exchange will be traded more efficiently than ever before. The entire trading process will be streamlined, and vast cost savings realised through improved efficiency and reduction in errors and risk. Indeed, this revolution is already happening: STP is here today. Jack Lemonik, Chief Technology Officer of FXall outlines how clients define what they require from STP. It is no secret that adoption of electronic foreign exchange trading has been steadily picking up steam. In fact, it is difficult to escape the daily barrage of press releases, news articles, case studies, and market commentary focused on this very topic. Those who look carefully, however, will notice that initial high profile announcements about concepts set to revolutionize FX trading have given way to stories about delivery. No longer are participants interested in promises. What they want now is concrete proof of true straight through processing (STP). And they are rewarding portals that...continued

Exclusive Content

The full article is only available to current subscribers. Click here to sign in or subscribe by clicking here