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STP Technology and Global Financial Market: An Assessment Framework and a Case Study

STP Technology and Global Financial Market: An Assessment Framework and a Case Study
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Author(s): Yining Chen (Ohio University, USA), Wayne W. Huang (Ohio University, USA) and Jarrad Hee (BearingPoint, Australia)
Copyright: 2004
Pages: 15
Source title: Advanced Topics in Global Information Management, Volume 3
Source Author(s)/Editor(s): M. Gordon Hunter (University of Lethbridge, Canada) and Felix B. Tan (Auckland University of Technology, New Zealand)
DOI: 10.4018/978-1-59140-251-0.ch009

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Abstract

Straight Through Processing (STP) is the end-to-end automation of security trading process from order to settlement. It is to be used for cross-border trades to speed up settlement, reduce risk, and build the foundation for a more effective and efficient settlement process. To remain competitive, financial firms need to take actions promptly to address the opportunities and challenges brought about by STP from a global perspective of electronic business. Global STP capability may not be achieved by simply initiating a series of projects to address the challenges. It needs to be approached by a well-orchestrated re-engineering activity and enterprise-wide technology solutions. This paper presents a general model of security trading processes under the umbrella of STP, and proposes a framework of STP readiness assessment from a global perspective of electronic business, which can be used to guide the STP implementation in organizations.

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