Straight Through Processing for Financial Services (eBook)
264 Seiten
Elsevier Science (Verlag)
978-0-08-055484-6 (ISBN)
* 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
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
Front cover 1
Straight Through Processing for Financial Services 4
Copyright page 5
Table of contents 8
Preface 12
Acknowledgments 20
Chapter 1: The business case for STP 22
1.1 Introduction 22
1.2 Trends in the Securities Industry 23
1.3 Straight Through Processing 38
1.4 Summary 40
Chapter 2: The trade lifecycle 42
2.1 Introduction 42
2.2 Pre-Trade 44
2.3 Trade 52
2.4 Post-Trade 54
2.5 Post-Settlement 65
2.6 Mapping to Technology Operations 70
2.7 Summary 71
Chapter 3: Service-Oriented Architecture 72
3.1 Introduction 72
3.2 Service-Oriented Architecture (SOA) 74
3.3 SOA in Financial Services 84
3.4 Role of the Enterprise Architect 85
3.5 Summary 87
Chapter 4: Industry standards 90
4.1 Introduction 90
4.2 Industry Standards 91
4.3 Financial Technology Standards 95
4.4 Using and Extending Industry Standards 108
4.5 Summary 110
Chapter 5: Connectivity 112
5.1 Introduction 112
5.2 The Business Requirements 113
5.3 Computer Network Basics 118
5.4 Connectivity in Financial Services 123
5.5 Summary 132
Chapter 6: Data management 134
6.1 Introduction 134
6.2 The Current State of Affairs 136
6.3 Data Management Basics 137
6.4 Data Management Strategy 144
6.5 Types of Data 151
6.6 Summary 153
Chapter 7: Reconciliation and exception handling 154
7.1 Introduction 154
7.2 Reconciliation and Trade Lifecycle 156
7.3 Reconciliation Engines 160
7.4 Exception Handling 162
7.5 Summary 166
Chapter 8: Regulatory compliance 168
8.1 Introduction 168
8.2 Regulatory Laws and Operational Risk 169
8.3 Sarbanes-Oxley 171
8.4 Basel II 176
8.5 MiFID 179
8.6 Regulation NMS 183
8.7 USA Patriot Act 187
8.8 Synergies Between Compliance Requirements 189
8.9 Summary 191
Chapter 9: Business continuity 192
9.1 Introduction 192
9.2 Impact of Disasters on Business 193
9.3 Firm-Level Business Continuity Planning 196
9.4 Industrywide Business Continuity Planning 203
9.5 Summary 210
Chapter 10: Virtualization and grid computing 212
10.1 Introduction 212
10.2 Virtualization and Grid Computing Basics 213
10.3 Applications for the Securities Industry 218
10.4 Cost, Implementation, and Issues 222
10.5 Summary 227
Appendix: The securities industry 228
A.1 Introduction 228
A.2 The US Securities Industry 229
A.3 Securities Markets 233
A.4 Industry Participants 244
A.5 Summary 253
Bibliography 254
Index 260
| Erscheint lt. Verlag | 3.8.2010 |
|---|---|
| Sprache | englisch |
| Themenwelt | Informatik ► Weitere Themen ► Hardware |
| Mathematik / Informatik ► Mathematik ► Finanz- / Wirtschaftsmathematik | |
| Recht / Steuern ► Wirtschaftsrecht | |
| Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung | |
| Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre | |
| Wirtschaft ► Betriebswirtschaft / Management ► Wirtschaftsinformatik | |
| Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft | |
| ISBN-10 | 0-08-055484-9 / 0080554849 |
| ISBN-13 | 978-0-08-055484-6 / 9780080554846 |
| Haben Sie eine Frage zum Produkt? |
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