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When fully implemented, STP will provide operational efficiencies, regulatory compliance, lower costs, enable higher transaction volumes, reduced head-count, and improved customer service. Presently it is estimated that 42% of all trades are still conducted on a paper basis . All of this manual intervention increases costs, requires higher staffing levels, and opens the door for human error. STP will mitigate operational risk and improve performance and will become a necessary condition of doing business in a streamlined globally driven securities industry. This initiative is a formidable one because it represents a radical rethinking of the technology and processing infrastructure for all participants...
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