Abstract
RUP4STP replaces the Business Modeling discipline
of the Rational Unified Process with process guidance
specific to the financial services industry. The workflows
guide the activities of project managers, business systems
analysts, and software architects to:
- Organize and prioritize operational and
technical initiatives to establish straight through
processing (STP)
- Properly define current operational and
technical workflows and data flows
- Architect future, optimum workflows and
data flows
- Evaluate the return on investment for
starting one or more projects to replace, re-architect,
or re-engineer systems to support STP
Full Description
Straight through processing (STP) is the
end-to-end automation of the pre-trade to post-trade
settlement process. Investment managers, broker/dealers,
clearing agencies, global custodians, and sub-custodians
seamlessly share information streamlining the entire
trade process. While STP is not part of the initiative
to move to next day trade settlements (T+1), T+1 is
dependent on STP. Investment management firms that embrace
STP will see significant gains in operational efficiencies.
In order to achieve STP, investment managers
are challenged to develop, re-architect, or replace
workflows and systems in order to:
- Eliminate manual steps in the trading
cycle
- Automate interfaces between internal systems
- Connect to external organizations such
as virtual matching utilities, custodian banks, and
settlement trading partners
- Adopt industry standards for the transfer
of data
Consistent data, user communities, and workflow
processes are the building blocks of STP. The Business
Modeling for Investment Manager Discipline is focused
on understanding the current trading environment, identifying
weaknesses and impediments to STP, and specifying the
vision of the future trading environment. Although the
focus is on initial planning, the artifacts produced
in this discipline, particularly the Stakeholder Requests,
Vision, and Future Trading Model, will serve as a guide
to developing the initial architecture, the detail requirements,
and other system development activities.
The Business Modeling for Investment Manager
Discipline helps organizations to answer the question,
"How do we get started in our STP efforts?"
Name: RUP4STP
Developed by: Rambyte, Ltd. in partnership
with Venture Financial Systems Group, Ltd.
RUP Base version: v2002
Required Plug-ins: None
Incompatible with: None
Supported: Yes, by Rambyte, Ltd.
Contact support: 800/760-1850
Contact support e-mail: support@rup4stp.com
Copyright and licensing info: Copyright
© 2002 Rambyte, Ltd., and Venture Financial Systems
Group, Ltd. ALL RIGHTS RESERVED
URL: http://www.rup4stp.com
Version of this plug-in: Version 1.0
Contents
The RUP Plug-In for Achieving Straight through
Processing includes the following material:
- Roadmap for achieving Straight Through
Processing for Investment Managers;
- Business Modeling activities designed
to:
- Identify impediments to STP in the
current trading environment, and
- Develop a vision and a model for the
optimum trading environment;
- Example UML models of typical trading
environments
- Guidelines for performing analysis, software
architecture, and project management activities in
a financial services context;
- Concepts to provide background on key
ideas behind Straight through Processing;
- Templates designed to get you started
quickly in assembling the information required to
construct the current and future trading models;
- Whitepapers on STP and XML in a trading
environment.
Click here to download the Plug-In from the partner
site.
Note: the plug-in may be downloaded only
by organizations that subscribe to the RUP4STP license
agreement.
We are pleased to make this Plug-In developed
by a Rational partner available for your use. Rational
supports the development of Plug-Ins by partners, but
does not certify or warranty the Plug-In contents. For
technical support, please contact the partner organization.
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