1.

Record Nr.

UNINA9910777498503321

Autore

Khanna Ayesha

Titolo

Straight through processing for financial services [[electronic resource] ] : the complete guide / / Ayesha Khanna

Pubbl/distr/stampa

Amsterdam ; ; Boston, : Academic Press, c2008

ISBN

1-281-05559-X

9786611055592

0-08-055484-9

Descrizione fisica

1 online resource (265 p.)

Collana

Complete technology guides for financial services series

Disciplina

332.10285

Soggetti

Banks and banking - Securities processing

Clearing of securities

Financial services industry - Technological innovations

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references (p. [233]-237) and index.

Nota di contenuto

The business case for STP -- The trade lifecycle -- Service-oriented architecture -- Industry standards -- Connectivity -- Data management -- Reconciliation and exception handling -- Regulatory compliance -- Business continuity -- Virtualization and grid computing.

Sommario/riassunto

As economic and regulatory pressures drive financial institutions to seek efficiency gains by improving the quality of their trading processes and systems, firms are devoting increasing amounts of capital to maintaining their competitive edge. Straight-Through Processing (STP), which automates every step in the trading system, is the most effective way for firms to remain competitive. According to the Securities Industry Association, the US securities industry will spend 8 billion to implement STP initiatives, and 99% percent of this investment will be made in systems internal to the firm.