- BenutzernameMoneyland User Questions
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June 8, 2017, 1:00:15 PM
What is straight through processing and how does it make a difference for stock traders?
Straight through processing STP
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- BenutzernameMoneyguru von moneyland.ch
- OrtSchweiz
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- Registriert seit8/4/15
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June 8, 2017, 5:52:51 PM
Hi there,
Straight-through processing (German: Durchgehende Datenverarbeitung) is the term used to denote the practice of electronically transferring data between the parties in a clearing and settlement process.
In Straight-through processing, original data is transferred directly between all parties involved, elminating the need to re-enter the same data at each point in the settlement process. Transactions are identified by a 16-digit identifier which remains the same throughout the process. This allows transactions to be largely automated.
The SIX Swiss Exchange uses straight through processing for certain transactions.
Best regards from Moneyguru
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