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RUP Plug-In for Achieving Straight-Through Processing Version 1.0
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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