News Flash - SEI Investments Adds STP To Electronic Trading
July 21, 2003
SEI Investments has made Electronic Trading Services capable of straight-through-processing. Eligible equity trades can now be handled entirely automatically, without any manual intervention - from the order, to the marketplace and back to the system of record. Trades are executed, processed, settled and accounted for without the need for any human intervention.
"We believe this SEI straight-through advancement is unique in the industry today," said Kevin P. Barr, senior vice president of investment processing at SEI. "More importantly, our straight-through equity trading capability reduces redundancies, keystroke errors and failed trades."
Copyright 2003 Thomson Media Inc. All Rights Reserved.