straight through processing - Computer Definition
In financial technology, the ability to process a stock transaction by computer from beginning to end without manual intervention at any of the stages.
straight-through processing - Investment & Finance Definition
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.