Straight Through Processing for Financial Services: The Complete Guide (Complete Technology Guides for Financial Services) (Kindle Edition)

by Ayesha Khanna (Author)

Editorial Reviews

Review

"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

Product Description

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

See all Editorial Reviews

Product Details

• Format: Kindle Edition
• Print Length: 264 pages
• Publisher: Academic Press (November 21, 2007)
• Sold by: Amazon Digital Services
• ASIN: B00144K9MK
• Average Customer Review: 4.4 out of 5 stars  See all reviews (5 customer reviews)
• Amazon.com Sales Rank: #115,883 in Kindle Store (See Bestsellers in Kindle Store)

  Popular in this category: (What's this?)

  #98 in

  Kindle Store > Kindle Books > Business & Investing > Industries & Professions > MIS

Customer Reviews

Most Helpful Customer Reviews

3 of 4 people found the following review helpful:

3.0 out of 5 stars An average guide that doesn't go into any details., March 11, 2008

By	Ivo Najdenowicz (Stockholm) - See all my reviews (REAL NAME)

This review is from: Straight Through Processing for Financial Services: The Complete Guide (Complete Technology Guides for Financial Services) (Paperback)

Ayesha Khanna's guide to STP for financial services is a useful book for those people to whom the subject is relatively new.
I was looking for more in depth knowledge and more detailed guidelines of best practices. Even though I found some interesting tips on some technology choices if one was to buy a sub-system off the shelf, I can't say I was completely satisfied with the book's contents.

4 of 6 people found the following review helpful:

5.0 out of 5 stars Readable, Relevant, & Recommended: A Great Resource on STP & Process Standards in Financial Services, November 25, 2007

By	Jaime Fitzgerald "Architect of Fact-Based Dec... (New York City) - See all my reviews (REAL NAME)

This review is from: Straight Through Processing for Financial Services: The Complete Guide (Complete Technology Guides for Financial Services) (Paperback)

A great book--well written and practical--highly relevant for at least two audiences:

1) Financial professionals involved in process redesign, especially Straight Through Processing (STP)

2) Anyone for whom technology-enabled process automation is a goal. Even if you are not streamlining trade settlement processes, Ms. Khanna's book has valuable lessons and frameworks which apply throughout the financial services industry, and beyond.

Why do I believe this book is valuable beyond STP specifically? The book is structured to combined specific details with essential principles.

For example, my favorite chapter, Chapter 6: Data Management, introduces core data management concepts including data governance, "golden copy" reference data, service-oriented data synchronization, and even best practices in data normalization.

Readable, relevant, and highly recommended.

2 of 4 people found the following review helpful:

4.0 out of 5 stars Greate concise book about trade flow and STP, July 3, 2008

By	Myo NA - See all my reviews

This review is from: Straight Through Processing for Financial Services: The Complete Guide (Complete Technology Guides for Financial Services) (Paperback)

I have been looking for a book which will give me a quick overview of how trading work and I found this great book. I am a programmer and a newcomer to trading and trying to understand the trading workflow overview. It serves this purpose. Only thing is that it is a bit expensive compared to other books.