Elsevier S & T

Straight Through Processing for Financial Services: The Complete Guide

Khanna, Ayesha

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Table of contents
  • Cover
  • Table of contentsvii
  • Prefacexi
  • Acknowledgmentsxix
  • Chapter 1: The business case for STP1
  • 1.1 Introduction1
  • 1.2 Trends in the Securities Industry2
  • 1.3 Straight Through Processing17
  • 1.4 Summary19
  • Chapter 2: The trade lifecycle21
  • 2.1 Introduction21
  • 2.2 Pre-Trade23
  • 2.3 Trade31
  • 2.4 Post-Trade33
  • 2.5 Post-Settlement44
  • 2.6 Mapping to Technology Operations49
  • 2.7 Summary50
  • Chapter 3: Service-Oriented Architecture51
  • 3.1 Introduction51
  • 3.2 Service-Oriented Architecture (SOA)53
  • 3.3 SOA in Financial Services63
  • 3.4 Role of the Enterprise Architect64
  • 3.5 Summary66
  • Chapter 4: Industry standards69
  • 4.1 Introduction69
  • 4.2 Industry Standards70
  • 4.3 Financial Technology Standards74
  • 4.4 Using and Extending Industry Standards87
  • 4.5 Summary89
  • Chapter 5: Connectivity91
  • 5.1 Introduction91
  • 5.2 The Business Requirements92
  • 5.3 Computer Network Basics97
  • 5.4 Connectivity in Financial Services102
  • 5.5 Summary111
  • Chapter 6: Data management113
  • 6.1 Introduction113
  • 6.2 The Current State of Affairs115
  • 6.3 Data Management Basics116
  • 6.4 Data Management Strategy123
  • 6.5 Types of Data130
  • 6.6 Summary132
  • Chapter 7: Reconciliation and exception handling133
  • 7.1 Introduction133
  • 7.2 Reconciliation and Trade Lifecycle135
  • 7.3 Reconciliation Engines139
  • 7.4 Exception Handling141
  • 7.5 Summary145
  • Chapter 8: Regulatory compliance147
  • 8.1 Introduction147
  • 8.2 Regulatory Laws and Operational Risk148
  • 8.3 Sarbanes-Oxley150
  • 8.4 Basel II155
  • 8.5 MiFID158
  • 8.6 Regulation NMS162
  • 8.7 USA Patriot Act166
  • 8.8 Synergies Between Compliance Requirements168
  • 8.9 Summary170
  • Chapter 9: Business continuity171
  • 9.1 Introduction171
  • 9.2 Impact of Disasters on Business172
  • 9.3 Firm-Level Business Continuity Planning175
  • 9.4 Industrywide Business Continuity Planning182
  • 9.5 Summary189
  • Chapter 10: Virtualization and grid computing191
  • 10.1 Introduction191
  • 10.2 Virtualization and Grid Computing Basics192
  • 10.3 Applications for the Securities Industry197
  • 10.4 Cost, Implementation, and Issues201
  • 10.5 Summary206
  • Appendix: The securities industry207
  • A.1 Introduction207
  • A.2 The US Securities Industry208
  • A.3 Securities Markets212
  • A.4 Industry Participants223
  • A.5 Summary232
  • Bibliography233
  • Index239
Book details
  • Vendor Elsevier S & T
  • SKU 9780124664708
  • ISBN-13 9780080554846
  • Author Khanna, Ayesha
  • Category Business & Economics
  • Subject Finance

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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. Straight-Through Processing for Financial Services: The Complete Guide provides the knowledge and tools required by operations managers and systems architects to develop and implement STP processing systems that streamline business processes to maintain competitiveness in the market.

* Learn the tools and techniques for developing software systems and for streamlining business processes
* Keep up to date and well informed in this highly regulated and ever changing market
* Gain the knowledge and experience for a leading consultant in the field