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Straight through processing for financial services : the complete guide
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ISBN: 0124664709 9786611055592 128105559X 0080554849 9780124664708 9780080554846 Year: 2008 Publisher: Amsterdam ; Boston : Academic Press,

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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.


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Clearing, settlement and custody
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ISBN: 0080983456 0080983332 1299941265 9780080983332 9780080983455 Year: 2014 Publisher: Oxford : Butterworth-Heinemann,

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Four new chapters and updates throughout help this 2e of Clearing, Settlement and Custody summarize worldwide changes in the process of concluding a financial transaction. Noted consultant David Loader provides a highly detailed analysis of the central clearing counterparty concept, the drivers behind it, and its effects on operations teams. He also clearly illustrates the life cycle of a series of transactions to broaden the comparison process. Emphasizing changes in the regulatory environment stemming from the 2008 market crash and liquidity crisis, this edition uses new case studies and end-of-chapter quizzes to explore the transaction value chain of trading, clearing, settlement, and custody. Students and professionals in the financial field will benefit from the book's description of the industry and the details of financial innovation and regulatory response, with their many implications. Supplements theoretical insights about risk with empirical data from current cases Provides the first algorithmic risk management technique that spans multiple asset classes End-of-chapter questions reinforce primary and secondary points

Understanding the markets
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ISBN: 0750654651 9780750654654 0750654848 9780750654845 9786611022211 1281022217 0080520049 9786611006105 1281006106 0080490654 0585462828 9780585462820 9780080520049 9781281022219 9780080490656 9781281006103 Year: 2002 Publisher: Oxford Butterworth Heinemann

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'Clearing, Settlement and Custody' focuses on the clearing, settlement and custody functions by analyzing how they work and the interaction between the organizations involved. The author examines the roles of clearing houses, central counterparties, central securities depositories and the custodians, as well as, assessing the impact on the workflow and procedures in the operations function at banks, brokers and institutions. The changes that are taking place in the industry are explored and the impact for operations managers and supervisors assessed.Clearing, settlement and cus

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