Straight Through Processing for Financial Services: The Complete Guide (Complete Technology Guides for Financial Services) |  | Author: Ayesha Khanna
Publisher: Academic Press
Category: Book
List Price: $76.95
Buy New: $35.30
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Rating:  6 reviews
Sales Rank: 255,477
Media: Paperback
Pages: 264
Number Of Items: 1
Shipping Weight (lbs): 0.9
Dimensions (in): 8.9 x 6 x 0.8
ISBN: 0124664709
Dewey Decimal Number: 332.10285
EAN: 9780124664708
ASIN: 0124664709
Publication Date: November 26, 2007
Availability: Usually ships in 1-2 business days
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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
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| Customer Reviews:
Showing reviews 1-5 of 6
 Readable, Relevant, & Recommended: A Great Resource on STP & Process Standards in Financial Services November 25, 2007
Jaime Fitzgerald (New York City)
4 out of 6 found this review helpful
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.
Good book for a novice September 21, 2008
R. Ravi (Morgantown, WV)
0 out of 2 found this review helpful
A good book to start with. Ayesha does a good job in giving a general overview of the whole financial services industry.
A useful big picture guide by an Industry Professional April 25, 2008
Sangeeta Sibal (New York, NY, USA)
1 out of 4 found this review helpful
This is one of those rare books which combines theoretical information with real world perspective. I am impressed by the way Ms. Khanna sheds light on different technical paradigms and delves into complex business processes prevalent in the Industry. The book would be a useful guide for newcomers to the financial industry and a handy refresher for seasoned professionals
Greate concise book about trade flow and STP July 3, 2008
Myo NA
2 out of 4 found this review helpful
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.
 An average guide that doesn't go into any details. March 11, 2008
Ivo Najdenowicz (Stockholm)
3 out of 4 found this review helpful
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.
Showing reviews 1-5 of 6
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