67% of all institutions view STP as very important when selecting their FX partners

Barclays Capital

This time, the cost pressures are still there, but IT is seen less as an area for significant cost savings".... "So we expect IT spend to actually increase in the next couple of years in areas that create efficiencies in back office processing

Datamonitor

Banks need to find a way to reduce transaction costs. Real-time, high capacity solutions are becoming essential to process ever-increasing trading volumes

[There is] a focus on best execution, looking at pricing, cost of trade and transaction processing, as well as the potential for human error

Back office processes - order matching and confirmation - lend themselves to automation. STP increases efficiency and demonstrates the controls required in an increasingly complience-centric regulatory environment

By automating manual processes, banks can monitor and document electronic controls, without human intervention, saving time and eliminating the risk of human error

Extracts from research published by AITE Group, Client Knowledge, Celnet Research and Wall Street Systems