Free Site Registration

A World Without Fails

Traders Magazine, November 2002

Dr. Anthony Kirby

Traders take pride in exploiting opportunities at the speed of light. The secret may be state-of-the-art algorithms or other technology. But the keys to seamless transaction flow are straight-through-processing (STP) and effective systems integration and processing. Buyside traders should care about this because STP is the critical path to achieving the three Cs: better cost reduction/avoidance, better controls and better customer service. An estimated 15 percent of cross-border trades in today's markets fail to settle by the due settlement date. About 45 percent of those fails are the result of incomplete STP processes. These problems contribute to the $12bn annual cost of failed trades.

Get access to this article and thousands more...

All articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?