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STP Trends and Progress Report for Investment Managers, Broker/Dealers, and Custodian Banks

Product Type: Market Research Report
Published by: TowerGroup
Published: February 2000
Product Code: R301-623
Description
With the global securities industry having passed the Y2K and euro conversion tests, TowerGroup expects firms to renew their pledge to achieve straight-through processing this year. Two major trends that have categorized the industry's STP efforts in past years—the inverse relationship between STP rates and asset sophistication, and the concentration of STP improvements in certain areas of the trade process—will change over the next few years.

This TowerGroup Research Note analyzes key STP trends in the industry and profiles the achievements and challenges of investment managers, broker/dealers, and custodian banks. It describes how investment managers will have to automate the order creation and routing process, broker/dealers will have to ensure they continue to use industry standards like FIX and SWIFT to communicate trade instructions, and custodian banks will need to standardize the method of sending settlement messages to investment managers.

Table of Contents
Highlights

Vision

Introduction

Background

Major Trends and Challenges

  • From Automation to Redesign
  • From Internal to External Integration
  • From Reducing Cost to Creating Opportunity
  • Trade Participant Challenges

    Investment Managers

  • STP Challenge

    Broker/Dealers

  • STP Challenge

    Custodian Banks

  • STP Challenge

    Conclusion

    • Ordering and More Information
    Price and Delivery Options


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