“Successes and Challenges in Implementing Straight Through Processing” .
Objectives:
• To evaluate the successes and failures of implenting STP;
• To discuss the competative advantages provided by STP in global equity markets with competitive examples from the; Equity markets….
• To discuss the experiences of Solution Build Vs Buy decision by organizations that are STP Compliant
Straight-through processing (STP) is the most complex endeavor the industry and individual firms have ever undertaken. STP is a necessary next step to improve efficiency within the securities industry. STP refers to the seamless integration of systems and processes to automate the trade process from end-to-end--trade execution, confirmation and settlement--without the need for manual intervention or the re-keying of data. STP is the streamlining of the operational infrastructure (front-, middle-, and back-office) of all industry participants--broker/dealers, investment managers, custodians, and clearance/settlement utilities. With a single SunGard relationship, clients can fully automate the entire transaction lifecycle for different asset classes, cross border, with all of their existing business partners, and also integrate seamlessly with their existing applications. More than 1,500 firms participate in today.
Case for Change
The case for moving to T+1 settlement for the financial services industry is strong and is based upon several factors. First, the move from T+3 to T+1 will dramatically reduce the settlement risk exposure of the securities industry. Second, it will enable the markets to continue to maintain its global competitiveness by serving as the catalyst for enhancing the current post-trade processing and settlement process. The changes will result in a significant economic benefit to the industry. Third, the move to T+1 serves the interest of the investor by synchronizing the clearance and settlement process across asset classes, and enabling more fungible, flexible trading and investing. Finally, improving current trade process
• To evaluate the successes and failures of implenting STP;
• To discuss the competative advantages provided by STP in global equity markets with competitive examples from the; Equity markets….
• To discuss the experiences of Solution Build Vs Buy decision by organizations that are STP Compliant
Straight-through processing (STP) is the most complex endeavor the industry and individual firms have ever undertaken. STP is a necessary next step to improve efficiency within the securities industry. STP refers to the seamless integration of systems and processes to automate the trade process from end-to-end--trade execution, confirmation and settlement--without the need for manual intervention or the re-keying of data. STP is the streamlining of the operational infrastructure (front-, middle-, and back-office) of all industry participants--broker/dealers, investment managers, custodians, and clearance/settlement utilities. With a single SunGard relationship, clients can fully automate the entire transaction lifecycle for different asset classes, cross border, with all of their existing business partners, and also integrate seamlessly with their existing applications. More than 1,500 firms participate in today.
Case for Change
The case for moving to T+1 settlement for the financial services industry is strong and is based upon several factors. First, the move from T+3 to T+1 will dramatically reduce the settlement risk exposure of the securities industry. Second, it will enable the markets to continue to maintain its global competitiveness by serving as the catalyst for enhancing the current post-trade processing and settlement process. The changes will result in a significant economic benefit to the industry. Third, the move to T+1 serves the interest of the investor by synchronizing the clearance and settlement process across asset classes, and enabling more fungible, flexible trading and investing. Finally, improving current trade process