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Yining Chen, Ohio University, USA
Wayne W. Huang, Ohio University, USA
Jarrad Hee, BearingPoint, Australia
Copyright © 2004, Idea Group Inc. Copying or distributing in print or electronic forms without written permission of Idea Group Inc. is prohibited.
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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