Ayesha Khanna is a strategic management and technology specialist with over ten years of experience in leveraging technology and optimizing operations to gain competitive advantage in global financial markets.
Straight Through Processing (STP) is the name given to the automation of all processes related to the trade lifecycle of financial securities, including equities, fixed income, and derivatives. In the current market environment, business success is increasingly difficult without the benefits of IT systems which ensure accuracy, speed, and secure connectivity at all stages. This is as relevant to broker-dealers who are providing trade execution services, to marketplaces that are creating electronic interfaces for clients, to buy-side institutions that are searching ways to improve returns on their portfolios: all players are affected one way or another by the drive towards increased automation and scalability in a global 24*7 trading environment.
Straight Through Processing for Financial Services by Ayesha Khanna is only comprehensive guide in the market that addresses the holistic needs of an STP infrastructure. It answers questions such as: What are the current trends in the market and how is the trade lifecycle affected by these trends? What are the key technology solutions available to solve business requirements and how can one choose the best solution given a particular problem? What are the laws and regulations that are relevant to implementing an STP environment for the securities industry?
The book will be useful to anyone interested in technology solutions for automating and streamlining securities operations, including senior management responsible for trading, risk management and technology operations, business analysts, technology managers, strategy consultants, and IT developers.
Table of Contents:
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