18 Aug 2010 20:51:07 GMT The lastest news and blog postings from STP Investment Services, Inc. (stpis.com) http://www.stpis.com STP Investment Services, Inc. Chris Sallemi en Chris Sallemi More asset managers are hiring third parties to handle their middle- and back-office functions, as they redefine how they do business in the post-crisis environment. Managers of all sizes are outsourcing client reporting, performance reporting, compliance and trade operations in an effort to more fully focus on their core competencies. “We have seen the most growth in middle office outsourcing over the past year-and-a-half following the credit crunch. Anything post-trade execution is in play,” says Ben Keeler, director at Citisoft, a consulting firm that provides both business and technological expertise to investment management firms... 10 Nov 2010 20:51:07 GMT http://www.stpis.com/News/FundFire 30 Aug 2010 20:51:07 GMT http://www.bizjournals.com/philadelphia/stories/2010/08/30/daily6.html The Philadelphia Business Journal is pleased to present the winners of our 7th annual Best Places to Work contest. The Best Places to Work program ranks the top employers in the Delaware Valley according to scores given to the companies by their own workers. Over the course of the summer, the Business Journal received hundreds of nominations from readers. Employees of nominated companies were then asked to complete an online questionnaire administered by Quantum Market Research, an independent surveying firm based in Wichita, Kan. 26 Aug 2010 20:51:07 GMT http://www.stpis.com/Content/pdf/29961STPInvestment.pdf Money managing is a hard enough job without having to worry about whether your computer system is properly accounting for it. That's the premise behind STP Investment Services, Inc., which Patrick Murray started in 2008 with help from Bermuda money-management firm he was doing consulting work for at the time... 26 Aug 2010 20:51:07 GMT http://www.bizjournals.com/philadelphia/stories/2010/08/02/story12.html 29 Jul 2010 20:51:07 GMT http://www.stpis.com/Content/pdf/MMO_2010_STPPost-Trade.pdf In the wake of the May 6 ‘flash crash,’ which resulted in the cancellation of orders on a scale not seen previously, regulators are clamping down on trades that go bust, and asset managers are being required to do more to make sure their trades actually happen. “There will be tougher regulations, penalties, and demand for better practices around trade operations and settlement,” Patrick Murray, CEO of STP Investment Services, told Markets Media... 30 Jul 2010 20:51:07 GMT http://www.stpis.com/Content/pdf/NYSE%20Trading%20Snafu.pdf A mistake that forced NYSE Euronext to cancel a number of trades in June recalls the events of May 6, in which orders were cancelled on a massive scale. The incident illustrates the fact that even supposedly automated markets are still subject to human failure, and this is likely to become a focus for regulators. “In a financial environment with an increased focus on regulation and a growing list of fines and penalties that directly impact the bottom line, controlled automation is critical for businesses to ensure the accuracy of data and to ultimately preserve income,” Patrick Murray, CEO of STP Investment Services, told Markets Media. “Both systematic and human controls should be put in place to ensure that data is timely, and most importantly, accurate.” STP provides middle-and-back-office services for investment advisers...