TY - BOOK ID - 14258528 TI - Straight through processing for financial services : the complete guide PY - 2008 SN - 0124664709 9786611055592 128105559X 0080554849 9780124664708 9780080554846 PB - Amsterdam ; Boston : Academic Press, DB - UniCat KW - Banks and banking KW - Clearing of securities. KW - Financial services industry KW - Securities processing. KW - Technological innovations. KW - Clearance of securities KW - Clearing of stocks KW - Settlement of securities KW - Stock clearing KW - Securities processing services of banks KW - Clearinghouses (Banking) KW - Securities KW - Clearing of securities KW - Securities processing KW - Customer services UR - https://www.unicat.be/uniCat?func=search&query=sysid:14258528 AB - 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. ER -