straight-through processing

straight-through processing definition - finance
Processing trades automatically without requiring people to be involved in the process. The purpose of STP is to create efficiencies, eliminate mistakes, and reduce costs having machines process trades instead of people. As technology has improved, and as financial services companies struggle to reduce costs, the popularity of STPs has increased substantially.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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