Straight Through Processing

Straight-through-processing

Practical is a part of the STP initiative with effect from December 02, 2002. It has signed up with a service provider and has enabled end to end connectivity between participants in the trade cycle such as fund houses, custodians and clients. Practical has gone live for STP based settlement cycle.

As the migration from paper based payments to electronic payment continues worldwide, there is a need for a reliable and robust solution that can handle the increasing volumes on a real time basis. Financial institutions are continuously exploring and leveraging latest technology to increase the process efficiency and introduce new products and offerings on the fly. Flux PayDirect is an innovative offering under the Flux suite of offerings, that addresses the demands of the financial institutions and organizations that require to offer direct debit facility for their customers. Built on J2EE platform, Flux PayDirect offers comprehensive set of features enabling seamless integration to core banking applications and other applications in the payment eco system for account updates and straight through processing.

Cygnus's flagship products - Blue* Genet and Cerebran - together with the Consulting and Development Services offer an ideal platform for a range of solutions for Straight Through Processing. Cygnus has developed a comprehensive methodology to assist you in your STP Strategy. Our tools give you all the building blocks you need to put it all together for your own unique environment and strategic choices. We complement them with our experiences in integration, interfaces, and messaging and you can be up and running not only for the T+1 needs - which has a clock ticking - but use the concept of Straight Through Processing all around involving both internal and external processes and systems.

Straight Through Processing (STP) is the end to end processing of securities and payments without manual intervention. Achieving real-time seamless electronic exchange of information relating to securities transactions, both within organizations and between multiple counter parties is the first critical step in achieving straight through processing utopia. STP Core System from Amtex delivers the interconnection with the middleware that provides the messaging infrastructure. It provides open, flexible and easy to deploy transaction-processing power to meet customer demands achieving STP and complying with enterprise-wide T+1 standards. Open Architecture The STP Core System s open architecture and ability to easily integrate with existing infrastructure and seamlessly add functionality, enables clients to provide improved service levels to its customers. In addition, the solutions' integrated STP capabilities for automating transactions helps streamline back office activities, which directly leads to lower costs per transaction and improved reporting capabilities. The STP Core System allows to readily accommodate new technology and specific requirements as well as eliminates costs associated with manual processing and redundant systems. This will help in delivering an unparalleled service standard and offer easy access to all relevant financial information. It provides connectivity to a variety of trading protocols as well as a range of adapters to connect to numerous software systems such as MQ Series, JAVA, XML, Database, File, HTTP, HTTPS, LDAP and many more. Features: Real Time Processing 24/7 STP requires continuous processing of transactions on a 24x7 basis. The Core System is capable of processing information on a real-time basis or executing frequent batch runs to simulate real-time processing of requests. By Utilizing replicated servers and clustering technology allows the Core System to be run in a 24x7 environment. It provides disaster recovery system. Confirmation and Exception Notification The outcome of transactions is immediately available. Reports are updated, trade confirmations are sent, and exceptions are reported as soon as the transaction is completed. Integration with Back Office and Middle Office Systems The STP Core System provides unmatched flexibility in integrating with both Middle Office and Back Office systems through wide channels. STP Core System is a comprehensive software platform for processing trades in a broad range of instruments including securities, derivatives, and commodities. It provides easy to use, Internet ready GUI that provides real time access to manage the accounts, portfolios and information related to them. STP Core System provides following services: Provides intra-day settlement and delivery. Executes virtual settlement for risk management. Supports trade matching. Ease in integration with order routing or trading systems Support widely used Industry Protocols. Easily models any number of account structures and business relationships. Provides real-time processing and staging of Information. Provides access security via User Management Console. Keeps Opening and closing balances of Positions. Supports Post Trade functions. Multi currency. Provides Risk Management techniques. Supports industry standard risk management systems. Open architecture provides wide range of preset instruments including Derivatives, Securities, commodities and also provides induction of new instruments

DEALMANAGER is the modular scalable STP solution developed by LIST Technology, that can be easily customised, so allowing for a quick and effortless integration.Improve your global post-trade efficiency DEALMANAGER automatizes and makes the whole trading process converge, from deal capture, through deal processing, up to forwarding it to back and middle office systems. DEAL MANAGER simplifies deal capture phase by putting together all these heterogeneous products, connections and protocols, making it transparent to you. The comprehensive features of DEALMANAGER make all this possible: Instant multi-instrument deal collection from several origins into variety of middle-end systemsTo date, 50+ key providers and markets are handled: Markets, Brokers, distribution networks and platforms, vendors, even voice deals18+ instrument types already included in our portfolio: FX, Equities, Derivatives, MM, CDS, ...Multi-destinations transparently managed in parallel: Kondor+, Murex, Wall Street, Proprietary systems Loss and duplicates controlNetting, Splitting and Back-To-Back trades managementRecord and identification of received dealsReal-time monitoring of trading operationsImplementation and modification of complex logical rules as for: routing to one or several destinations on a several paremeters base, enrichment, information mapping, conversion to several formatsAudit/tracking of every single event and actionSeamless integration with any existing systems, standard or proprietaryLocal technical support provided by highly qualified team in your country

Straight Through Processing

Stp Core System

Stp (Straight Through Processing) Services