Straight Through Processing for Financial Services: The Complete Guide

by Ayesha Khanna

Overview

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

Product Details

ISBN-13:	9780080554846
Publisher:	Elsevier Science
Publication date:	08/03/2010
Series:	Complete Technology Guides for Financial Services
Sold by:	Barnes & Noble
Format:	eBook
Pages:	264
File size:	2 MB

About the Author

Dr. Ayesha Khanna is Co-Founder and CEO of ADDO AI, an artificial intelligence (AI) solutions firm and incubator. She has been a strategic advisor on artificial intelligence and smart cities to leading corporations and governments. Ayesha also serves on the Board of Infocomm Media Development Authority (IMDA), the Singapore government's agency that develops and regulates its world class technology sector. She is the co-author of Hybrid Reality: Thriving in the Emerging Human-Technology Civilization.

ADDO AI was featured in Forbes magazine as one of four leading artificial intelligence companies in Asia in 2017, and Ayesha was named one of Southeast Asia's groundbreaking female entrepreneurs in 2018 by Forbes. She is also founder of 21st Century Girls, a charity that teaches girls coding and artificial intelligence.

Prior to founding ADDO AI, Ayesha spent more than a decade on Wall Street developing large scale trading, risk management and data analytics systems.

Ayesha has a BA (honours) in Economics from Harvard University, an MS in Operations Research from Columbia University and a PhD in Information Systems and Innovation from the London School of Economics.

Table of Contents

Preface
Acknowledgements
Chapter 1: The Business Case for STP
Chapter 2: The Trade Lifecycle
Chapter 3: Service-Oriented Architecture
Chapter 4: Industry Standards
Chapter 5: Connectivity
Chapter 6: Data Management
Chapter 7: Reconciliation & Exception Handling
Chapter 8: Regulatory Compliance
Chapter 9: Business Continuity
Chapter 10: Virtualization & Grid Computing
Appendix: The Securities Industry
Index

What People are Saying About This

From the Publisher

The complete, cutting-edge guide to implementing STP in your organization.

Editorial Reviews

“Straight Through Processing for Financial Services is a compendium of useful information that will provide the reader with a clear understanding of the underlying issues and solutions that this important industry initiative faces. Anyone working in the financial services industry would benefit from reading this book.” —Kevin McKellar, Systems Director, Deriv/SERV, The Depository Trust & Clearing Corporation (DTCC), New York“Straight Through Processing for Financial Services provides an excellent breakdown of the STP lifecycle processes and connects these to practical technology choices required to implement an effective STP strategy. The book allows the reader to sift through the range of technology choices available to implement STP—industry standards in trading, connectivity across upstream and downstream partners, middleware for service oriented applications, data management technologies, grid computing, and advanced topics such as exception handling and the role of compliance.”—Jags Ramnarayan, Chief Architect, GemStone Systems, Inc., Beaverton, Oregon

From the Publisher