News and Insights
Read about our latest news, insights and upcoming events.
April 25, 2017
The essence of a SOC 1 audit in the financial services industry is to ensure that operational controls are sound and output is accurate. STP harnesses the essence of external audit by viewing the SOC 1 as a catalyst to inspire investment in continually improving operational controls and accuracy.
STP announces promotion of Chris Sallemi as Chief Technology Officer
April 19, 2017
WEST CHESTER - STP Investment Services (“STP”) is pleased to announce that Christopher Sallemi, former Head of Software Development at STP, has been promoted to Chief Technology Officer. Chris joined STP in early-2010 and has been instrumental in leading, architecting and developing STP’s innovative and proprietary web-based software platform that provides operational support, process control, business intelligence, and data transparency to clients with assets in excess of $100 billion. He is passionate about service and ensuring that we are doing what is best for our clients and the company at all times. Chris strives daily to improve our business, is an exceptional Manager, and has 15 years of technology field experience. He previously served as a Senior Software Engineer at Lockheed Martin, a web application developer for Villanova University and as a Software Developer for both Unisys Corporation and Siemens Medical Solutions. Chris graduated Summa Cum Laude with a B.S. in Computer Science, followed by an M.S. in Computer Science, from Villanova University. STP congratulates Chris on his accomplishments and well-deserved promotion to CTO.
STP Investment Services - Growing Assets Efficiently
April 10, 2017
March 15, 2017
WEST CHESTER - Patrick Murray, Chief Executive Officer of STP Investment Services, participated in Conestoga Career Days at Conestoga High School in Berwyn, PA on March 9, 2017. Career Days was designed to expose students to the possibilities for a potential career. The theme for this year was Enjoy Your Journey and students, grades 9-12, were invited to attend speaker sessions March 7th-9th during the school day. Patrick joined over 30 professionals from a variety of fields during this event. Presenters were encouraged to speak about their careers and the paths they took to arrive where they are today. Patrick spoke to students about his background and career path, the growth of STP over the last 8 years, and what a typical day entails. While speaking to the students about the Core Values of STP Investment services, Patrick reminded students to take initiative and be innovative, to be passionate and accountable while also reminding them of the importance of knowledge, service, integrity and dedication. Above all, he advised the students to be remarkable.
March 1st, 2017
WEST CHESTER- Investment managers utilize historical performance returns to control their investment process, build financial models and manage risk. Historical performance returns help investment managers evaluate the efficacy of their investment strategy and establish goals for future performance. To assess the skill of an investment manager, the portfolio returns must be compared to the returns of an appropriately constructed benchmark. With these facts in mind, it is clear that expeditious access to historical portfolio and benchmark returns is critical to the investment process. STP Investment Services utilizes an industry-leading platform to calculate performance returns for our clients. When combined with our experienced performance measurement team and proprietary interactive dashboards, we are able to deliver accurate and timely performance measurement to our clients.
February 8th, 2017
The Core Values Championship is a vote held internally by employees every six months to acknowledge those who exemplify the core values of STP India. The reigning "Core Values Champion" is awarded the trophy to decorate their office. Santanu Paul won the vote in December for taking initiative and being innovative to continuously improve STP operations. He is very passionate about his work and always do what is best for the client and the company.
December 13th, 2016
STP Investment Services, a collaborative provider of scalable, transparent, middle and back office solutions to fund, investment managers and plan sponsors, has moved its headquarters to West Chester, Pennsylvania. The company was founded in 2008 with $2 billion in assets under administration and has grown 40 percent each of the last three years, primarily due to its 9.7 out of 10 customer satisfaction score. Through acquisitions and key client relationships, STP Investment Services has reached $100 billion in assets under administration and employs 60 people globally. The firm anticipates growing its team to 75 employees by the end of 2016 and continuing to expand throughout 2017. STP Investment Services has relocated offices from Exton, PA to larger offices in West Chester, PA to accommodate its consistent growth.
December 13th, 2016
STP Investment Services, a collaborative provider of scalable, transparent, middle and back office solutions to fund and investment managers, has relocated its headquarters to West Chester, PA. to accommodate its rapid-scale growth.
The firm anticipates growing its team to 75 employees by the end of 2016 and continuing to expand throughout 2017.
December 13th, 2016
The Core Values Championship is a vote held internally by employees every six months to acknowledge those who exemplify the core values of STP. The "Core Values Champion" is awarded the belt to decorate their office. Stephen Arnold won the vote in December for being an extraordinary team player, having a passion for client service, and being able to fix problems in a blame free environment.
STP Investment Services attended Eagle Investment System’s Engage 2016 conference in Orlando, Florida
December 1st, 2016
Patrick Murray, Chief Executive Officer of STP Investment Services, attended Eagle Investment System’s Engage 2016 conference in Orlando, Florida. Patrick was joined by Keith Bradley, Chief Operating Officer, Dan Schlossberg, VP of Client Service and Business Development, Saneesh Surendran, VP and Head of Systems, and J.P. Grignoli, VP and Head of Operations. The conference offered a great opportunity to share experiences with other Eagle clients and build working relationships.
STP Investment Services Continues to Grow, Surpasses $100 Billion in Assets Under Administration by Acquiring Financial Control Systems Incorporated
November 7th, 2016
STP Investment Services announced today that it has officially surpassed $100 billion in assets under administration. The milestone comes as the result of STP Investment Services' acquisition of financial software services company, Financial Control Systems Incorporated (FCS) in Chadds Ford, PA, and its partnership with several other national organizations.
Featured in Fund Operations Article: “Pressure Mounts on Third-Party Providers to Increase Transparent Relationships.”
November 2nd, 2016
STP Investment Service’s Chief Operating Officer, Keith Bradley, Vice President of Client Service and Business Development, Dan Schlossberg, and Vice President of Business Operations, Damon Wioskowski, were interviewed for the November, 2016 Fund Operations article, “Pressure Mounts on Third-Party Providers to Increase Transparent Relationships.” The roundtable discussion focused on middle-office outsourcing trends including reporting automation, transparency and cyber security.
Featured in Emerging Manager Monthly Article: “Emerging Mgrs. Increasingly Weigh Costs of Ops Outsourcing”
October 5th, 2016
STP Investment Services was prominently featured in the October 2016 Emerging Manager Monthly article, “Emerging Mgrs. Increasingly Weigh Costs of Ops Outsourcing.” The article examines the financial considerations facing emerging managers as they increasingly decide to outsource all, or a portion of, their middle and back office functions. STP Investment offers a “Grow With You” pricing model specifically for emerging managers, giving them access to STP’s operational services at a lower cost.
October 1st, 2016
STP Investment Services has announced a new strategic relationship with Backstop Solutions Group, a leading provider of cloud-based financial technology solutions. The relationship with Backstop Solutions Group will allow STP Investments Services to utilize its Cogency Software to expand partnership accounting solutions for investment firms.
STP Investment Services Leverages Eagle Investment Systems’ Solutions to Efficiently Grow Assets Under Administration
September 28th, 2016
STP Investment Services, a collaborative provider of scalable, transparent, middle and back office solutions to investment managers, announces that it has extended its relationship with Eagle Investment Systems LLC, which will enable STP to continue to efficiently grow its business.
STP’s CEO, Patrick Murray, Joins Data Management Panel at the RIMES Client Conference in New York City
Septmeber 15th, 2016
Patrick Murray, Chief Executive Officer of STP Investment Services, participated in a panel discussion on data management at the RIMES Client Conference in New York City on September 15, 2016. Also on the panel were Gregory Leath, Managing Director, Cutter Associates, Peter Travers, VP, Principal – Global Solutions, Eagle Investment Systems, and Steve Cheng, SVP, Global Head of Data Management Solutions. The panelists discussed the integration of risk and performance functions with data management requirements and the potential impacts on buy-side firms.
August 25th, 2016
STP Investment Services a leading provider of investment operations and administration services to the investment community had the privilege to be a lead sponsor at the recent FIS Group conference in Philadelphia PA. STP hosted a booth at the conference and is part of the FIS Group operational ecosystem.
STP congratulates the FIS Group on its 20th year of providing investment solutions and institutional access to entrepreneurial managers.
August 15th, 2016
STP Investment Services Chief Executive Officer, Patrick Murray, was quoted in the August 15, 2016 FundFire article, “Managers Weigh Benefits of Outsourcing to Boost Distribution.” The article examines the potential benefits to investment Managers and the analyses required when deciding whether to outsource their middle- and back-office functions. STP Investment Services is a collaborative partner providing scalable, transparent, middle and back office solutions to investment managers, giving them the technology, expertise and confidence needed to focus on core business objectives. In order to decrease operational risk and scale the business rapidly and effectively, investment managers need to focus on people, processes and platforms. STP Investment Services, an international company with fully owned offices in the United States and India, provides a broad range of services for the asset management industry with capabilities to process all asset classes and meet ever-evolving business requirements.
August 10th, 2016
The Core Values Championship is a vote held internally by employees every six months to acknowledge those who exemplify the core values of STP. The reigning "Core Values Champion" is awarded the belt to decorate their office. Damon Wioskowski won the vote in August for being an extraordinary team player and bringing a positive attitude to the workplace.
August 10th, 2016
Philadelphia Business Journal has named STP Investment Services as one of its Best Places to Work in the Philadelphia region for a fifth time. Philadelphia Business Journal received a record number of nominations for 2016, making this year’s win all the more distinctive. The award recognizes companies that demonstrate an outstanding appreciation for their employees by fostering a positive culture and work environment.
STP Investment Services Announces Strategic Relationship with Thomson Reuters Risk Management Solutions
August 9th, 2016
STP Investment Services, a collaborative partner providing scalable, transparent, middle and back office solutions to investment managers, today announced a new strategic relationship with Thomson Reuters Risk Management Solutions. The relationship allows STP Investments Services to expand its Know Your Customer (KYC) and anti-money laundering (AML) solutions through its World-Check One software.
July 13th, 2016
Investment managers need insight into their historical performance to help evaluate and control their investment process. This insight also facilitates the marketing of services and communication with current and prospective clients. The reporting data helps the client monitor whether a manager is performing as expected given the capital market environment over the period. These requisites make performance measurement and investment performance presentation integral parts of the investment decision-making process.
STP’s CEO, Patrick Murray, joins key Data Management panel at the annual PMAR conference in Philadelphia featuring the “Rock Stars of Performance Measurement”
May 17th, 2016
STP Investment Services Chief Executive Officer, Patrick Murray, joined John Farris, Rimes, and Richard Mailhos,
Eagle Investment Systems, on a panel at the annual and industry leading Spaulding Group’s PMAR conference this year featuring
the “Rock Stars of Performance Measurement.” The panelists discussed challenges, key drivers, governance, and solutions for
data management issues facing the asset management industry.
May 15th, 2016
Accurate and timely reconciliations between investment manager and custodian records are the foundation of sound investment accounting records and accurate performance measurement. Swift identification and resolution of all exceptions is critical. Reconciliation gaps caused by inefficient processes not only leave investment managers exposed to a multitude of operational risks, but also erode the accuracy of stated performance returns. To mitigate these risks, STP Investment Services utilizes a highly automated, exceptions based reconciliation application that allows us to quickly identify and process required global reconciliation adjustments. [Read More]
April 18th, 2016
ControlOps© is an auditor approved key application that eliminates the need for paper backup and manual checklists, establishes clear responsibilities and authority, and enables efficient operational control and oversight in all areas of the investment management operation. [Read More]
April 18th, 2016
Dan is the VP of Business Development & Relationship Management at STP Investment Services, responsible for building and managing client relationships. Dan has over 25 years of industry experience and throughout his career he has worked in many different client facing roles and operational management positions. In these roles Dan oversaw and managed back office operations, investment accounting and client implementations. [Read More]
Rama Subbaiah wins the STP India Core Values Champion trophy
January 29, 2015
STP India has held their first ever Core Values Championship this January. STP India has taken the initiative to recognize employees who exemplify the STP Core Values. Although the STP India team decided to make their trophy different from the original champion's belt. Rama Subbaiah won the vote for excelling as a team leader and consistently being enthusiastic in the workplace.
Saneesh Surendran named the STP Core Values Champion
August 26, 2015
The Core Values Championship is a vote held internally by employees every six months to acknowledge those who exemplify the core values of STP. The reigning "Core Values Champion" is awarded the belt to decorate their office. Saneesh Surendran won the vote in August for being an extraordinary team player and bringing a positive attitude to the workplace.
August 14, 2015
Philadelphia Business Journal has released the list of the fifteen small business finalists in its 2015 Best Place to Work Awards. 2015 marks the fourth consecutive year STP has been named as one of the Best Places to Work. We take pride in focusing on creating a positive work environment and company culture and will continue to as we grow. [Read More]
August 7, 2015
Hire One, a CCEDC initiative, is a public/ private partnership which provides employment services to the Health Care, Energy, IT/Communications, Life Science, Manufacturing and Agriculture industries. STP Investment Services will be attending the August 26th conference and prospective employees will have the opportunity to meet and network with some of the STP employees. [Read More]
Chris Sallemi wins the first STP Core Values Championship
March 6, 2015
The Core Values Championionship is a vote held internally by employees every six months to acknowledge those who exemplify the core values of STP. The "Core Values Champion" is awarded the belt to decorate their office. Chris Sallemi won the vote in February for always finding solutions in a blame free environment, and maintaning excellent client service.
Eagle Investment Systems wins the "Best Fund Accounting and Data Management Platform" at the A-Team Data Management Summit awards in London.
October 9, 2014
STP would like to congratulate Eagle Investment Systems for the honor of winning the ‘Best Fund Accounting and Data Management Platform’ at the A-Team Data Management Summit awards in London. Eagle is at the core of our full service middle and back office outsourcing solution and we are happy to celebrate the success from their continued investment in the product!
STP Founder, President, and CEO Patrick Murray joins Nonprofit Tech Impact to give back to the community.
September 12, 2014
Tech Impact’s Advisory Board provides a way for experts in the field of technology to give back to their communities in their field of expertise. The group meets quarterly and guides Tech Impact in regard to the program offered by ITWorks as well as the scope of technology services that Tech Impact provides Nonprofits. Advisory Board members are committed to providing their time, treasure, and talent in order to help communities and Nonprofits better serve our world.
August 7, 2014
Philadelphia Business Journal has named STP Investment Services as one of its Best Places to Work in the Philadelphia region for the third year in a row. 2014 has been a monumental year for STP and we are proud to be once again recognized for our employee work enviroment and company culture.
September 18, 2013
To be considered for the Best Places to Work list means that the companies employees are engaged and feel appreciated. It means that employees feel a sense of camaraderie with co-workers. It also means that workers are allowed – even encouraged – to have a good time. [Read More]
STP has been named one of the 2013 Best Places to Work Winners by the Philadelphia Business Journal.
June 6, 2013
Philadelphia Business Journal has named STP Investment Services as one of its Best Places to Work in the Philadelphia region. The award recognizes the company’s achievements in creating a positive work environment that attracts and retains employees through a combination of benefits, working conditions and company culture.
June 6, 2013
-Are Hedge Funds Worth It?
-How Endowments and Foundations Can Deal With Inflation
-Updates on the Outsourced CIO Model
-Investing In a Low Yield Environment
STP Investment Services attended presentation from Dan Fuss the Vice Chairman of Loomis, Sayles & Company.
June 6, 2013
Interest rates on fixed income instruments have been at historically below average levels, so defensive bond investment strategies emphasize shorter maturities and floating rate debt to help protect against the effects of higher interest rates in the future.
April 12, 2013
A combination of marketplace volatility and hedge fund scandals has propelled investment practices onto center stage. Regulatory agencies that include the U.S. Securities and Exchange Commission (SEC), Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency, and the Financial Industry Regulatory Authority (FINRA), have become more vigilant in their oversight of the front, middle and back office functions of hedge funds. [Read More]
STP Investment Services attended a presentation entitled, 'Economic Outlook: Cyclical Recovery, Structural Challenges'.
April 3, 2013
John Silvia, Chief Economist for Wells Fargo Securities, discusses how predictions outlined sustained below-trend growth though the Housing sector is improving. Yet the Employment outlook continues to reflect cyclical and structural change. Economic progress has been uneven, with upper income individuals faring better than those at other income levels. Inflation remains low, while multinational corporate profits increase more from overseas versus domestic activity.
STP Investment Services attended the “Evaluated Pricing Webcast: Examining The Perception Gap” which was a recent webcast hosted by Waters Technology.
March 14, 2013
During this webcast on Pricing and Valuations, Financial Industry representatives discussed how vendors are trying to improve confidence in their evaluated prices and help firms comply with the new regulations by being more transparent about the data and methodologies they use.
STP Investment Services attended the CFA society's 'How to Start an Investment Management Firm' presentation.
February 28, 2013
Panelists from Rosemont Partners, Clothier Springs Capital Management, and Cheswold Lane Asset Management spoke about marketing, operational and compliance challenges awaiting attendees interested in starting an investment management firm. Topics included: choosing your business organization structure, Compliance and regulatory issues, investment research tools, determining your firm's investment philosophy.
February 27, 2013
Among wealthier investors, separately managed accounts are an increasingly popular alternative to mutual funds as they offer more individual control, more nimble trade responses, and better overall performance. Offering separately managed accounts improves the ability of investment firms to compete with industry leaders in delivering the sort of performance that more affluent individual investors expect. [Read More]
February 17, 2013
One of the critical aspects of providing services to investment management firms, whether for an established operation or a new private fund, concerns the delivery of accurate, timely, and audit quality reports and statements. Prior to the financial crisis in 2008, client reporting did not have the critical level of importance now placed on the function. [Read More]
February 15, 2013
To outsource or not to outsource? Should I outsource my entire back office, or only one function? How do I know I can trust an investment operations outsourcing or fund administration service provider? Will the team dedicated to my account be as good as my own people?
These are common questions that investment management firms are faced with when evaluating the investment operations outsourcing question. [Read More]
February 09, 2013
New hedge funds are frequently forming as a result of spin offs from proprietary trading operations, starts-ups of seasoned portfolio managers or newcomers armed with cash from family members and friends. Hedge Fund Research reports that more new hedge funds started in the first quarter of 2012 than any quarter since 2007. [Read More]
January 30, 2013
A hedge fund is a private investment fund that is managed actively and often a participant in multiple global markets investing in numerous investment instruments and following various strategies. [Read More]
January 28, 2013
Unquestionably, we are now in a new era for fund administrators. Thanks to the financial crisis of 2008-2009, and the subsequent narrowing of the federal government’s policies and restrictions, the fund administrator has evolved from a behind-the-scenes role into a key contact for counter-party information and multiple set consolidations. [Read More]
January 14, 2013
Title IV of the Dodd-Frank Wall Street Reform and Consumer Protection Act has resulted in the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) enforcing a new rule, that requires SEC registered investment advisers which are advising one or more private funds having regulatory assets under management at $150 million or greater to file Form PF. [Read More]
January 10, 2013
Presentations on the impact of AIFMD (Alternative Investment Managers Directive), SEC preparedness, and new CFTC regulations provided insight as to how investment managers can best position themselves in order to comply with an SEC examination, as well as how to keep up with and stay ahead of ever changing rules and regulations. Legal updates were discussed, addressing the effects of the JOBS act and "Pay to Play" rules. There was also a presentation on the changing landscape of post-election tax changes. A detailed review of emerging regulatory topics for alternative investment fund managers provided insight on how to strategically address such regulatory changes.
Ralph Giraud was chosen as Volunteer of the Quarter for the CFA Society of Philadelphia's Newsletter.
January 1, 2013
Ralph Giraud has been able to obtain a diverse set of guest panelists for the society, helped increase attendance at CFAP Networking functions, as well as soliciting new applications for prospective new CFAP members. Ralph is also an active member of the Philadelphia Council for Business Economics(PCBE) and Washington (D.C.) Association of Money Managers (WAMM).
December 6, 2012
The event included presentations on Hot Accounting Topics and Fair Value Updates; SEC & Corporate Governance Updates; Efficiency and Effectiveness in Governance, Risk and Compliance; Private Equity M&A Discussion; and several other industry related subjects.
STP Investment Services attended the CFA society's downtown luncheon on Master Limited Partnerships.
November 29, 2012
Enterprise Products Partners CFO Randy Fowler spoke on the future of MLP’s as well as the future of the company. MLPs have generated market leading total returns in the past three, five, and ten year periods. STP continues to be a proactive service provider in the processing and administration of MLP securities and subsequent investment vehicles (e.g. funds, separately managed accounts).
STP was a chosen as a case study for the New Ventures II class at the Penn State Great Valley School of Graduate Professional Studies.
April 19, 2012
The graduate student had the opportunity to perform market research on the pricing and marketing for Fund Administration and Investment Operations Outsourcing Services. With access to senior management at STP, including CEO Patrick Murray, the student was able to obtain real world experience that culminated in the presentation of findings and recommendations to the senior management team at STP Investment Services.
Patrick Murray, President of STP spoke at the FENG New York, NY Chapter regarding Operational Risk, Task Management and Audit Control.
April 17, 2012
Patrick's speech focused on Operational Risk, Task Management and Audit Control. With primary focus on the investment team’s trading and investment activities, key operational processing, reporting and reconciliation of tasks are often ignored or overlooked. This commonly results in lack of operational control and oversight data silos and mismanagement, mission critical tasks slipping through the cracks, and a paper audit trail which can easily get lost in the shuffle.
April 17, 2012
Enron, WorldCom, Lehman Brothers, AIG, Madoff, MF Global…
Due to disastrous events at companies like those listed above, increased regulation and strict compliance requirements for financial firms are here to stay, and will continue to change and grow more complex for years to come. [Read More]
STP Investment Services attended MAHFA's 10th Annual Outlook for Hedge Funds in 2012 at Jasna Polana, in Princeton, NJ.
March 15, 2012
The objective of the Mid-Atlantic Hedge Fund Association (MAHFA) is to promote industry development and understanding among managers, investors, service providers and academics in the mid-Atlantic U.S. region. The association was established in 2002 as a non-profit corporation that offers a professional environment for constructive dialogue among members through educational programs, seminars, networking events and other services designed to facilitate communication within our regional hedge fund community.
March 1, 2012
The Innovation Technology Action Group’s mission is to promote Information Technology, Communications, and Technological Processes, to all companies and individuals in Southeastern Pennsylvania.
November 11, 2011
October 26, 2011
Patrick Murray, CEO of STP Investment Services, was the featured presentation at the October 26th Chester Country KIZ Board Meeting. During the presentation and Q&A, Patrick discussed STP's vision and strategic direction, and how CCKIZ's vast resources can be of assistance to STP in the future. Due to its proximity in Chester County, Pennsylvania, STP Investment Services is now a member of the Chester County Keystone Innovation Zone. Selected KIZ companies are, Sparking Collaborations. Provoking Ideas. Creating Opportunities. Exploring Possibilities. Sharing Knowledge. Fueling Growth. [Read More]
January 13, 2011
Managing pricing data and valuation of securities is a critical variable in successful investment accounting and performance measurement. Common practice is to outsource pricing related data to a respected vendor in the financial services industry such as Bloomberg, Reuters, and Interactive Data. [Read More]
November 10, 2010
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... [Read More]
September 27, 2010
Benefits of a SAS No. 70 Report:
Builds trust with clients by proving controls over all processes
Independent review by a third party
Extremely thorough and unbiased opinion
Helps strengthen internal controls
Identifies procedural weaknesses or deficiencies that a business can improve upon [Read More]
September 13, 2010
Technology is a core focus at STP. We recognize that technology enables us to provide unmatched services to our clients. To ensure the best quality of service, we have integrated a number of software based tools to help improve our daily processes. These tools directly enhance our operational effectiveness, which in turn allows us to provide an exceptional client experience. [Read More]
September 13, 2010
Author: Doug Ladley Title: Senior Trade Operations Specialist
An organized, efficient, and detail-oriented operations department is at the core of every successful investment advisory business. STP utilizes proprietary web 2.0 based systems as well as industry tools such as Bloomberg, Charles River, Omgeo CTM and Eagle Investment Systems to streamline the back-office process, eliminating manual procedures wherever possible. [Read More]
September 13, 2010
Decision makers are often faced with the question of whether to make, buy, or outsource. Developing something from scratch provides control over functionality, but introduces maintenance costs and extensive time to develop and adequately test. [Read More]
August 30, 2010
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. [Read More]
August 26, 2010
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,
which Patrick Murray started in 2008 with help from Bermuda money-management firm he was doing consulting work for at the time.
August 26, 2010
Title: President and CEO.
Company: STP Investment Services
Type of Company: Financial and Technology service provider.
Recent Project: We just completed Eagle Investment Systems Implementation, a financial and technology system for an international asset manager.[Read More]
July 29, 2010
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... [Read More]