Treasury management systems’ lack of STP may stall uptake

“This year, ‘can you provide STP?’ is a recurring theme,” said Bill Stakos, market analyst at research firm Greenwich Associates in Connecticut. “Until these systems get to the next level of integration, the cost benefit is not there for some users.”

Institutions and corporates with TMSs fell by two percentage points year-on-year in 2002 – from 44% in 2001 to 42% in 2002 – according to Greenwich. And TMSs tend to be used by firms trading significant FX volume. About half of institut