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C Hoare & Co takes Financial Objects' STP solution
UK private bank C Hoare & Co has started using Financial Objects' activebank Treasury for straight-through processing (STP) of trades from its trading floor to the Swift messaging service. The bank had been using activebank Treasury without the STP feature since 2001.
"Implementing STP has significantly reduced manual intervention and the potential for human error," said Lawrie Houghton, deputy head of IT at C Hoare in London.
Activebank
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