International Securities Association For Institutional Trade Communication - ISITC

AAA

DEFINITION of 'International Securities Association For Institutional Trade Communication - ISITC'

An organization of financial institutions and technology providers that improves the operational effectiveness of the financial industry. One key initiative the ISITC is promoting vigorously is the industry-wide use of straight through processing (STP). Currently, many of the financial transactions take several days to complete because of the complexity involved and that it must be done manually. By encouraging and supporting the use of STP, the financial markets can become more resourceful and economical.

INVESTOPEDIA EXPLAINS 'International Securities Association For Institutional Trade Communication - ISITC'

Members of this organization are professionals who seek to improve the financial markets by making the process faster and more efficient. The ISITC believes the STP can reduce time and costs making the financial markets more effective. Transaction settlements now can take place within a day, minutes or seconds - rather than within days.

RELATED TERMS
  1. Transaction

    1. An agreement between a buyer and a seller to exchange goods, ...
  2. Straight Through Processing - STP

    An initiative used by companies in the financial world to optimize ...
  3. Settlement Date

    1. The date by which an executed security trade must be settled. ...
  4. Exempt Transaction

    A type of securities transaction where a business does not need ...
  5. Radio Frequency Identification ...

    A technology that allows the identification of an item using ...
  6. Disruptive Innovation

    A technology whose application significantly affects the way ...
Related Articles
  1. Understanding Investor Behavior
    Active Trading Fundamentals

    Understanding Investor Behavior

  2. Is finance an art or a science?
    Active Trading Fundamentals

    Is finance an art or a science?

  3. Will ETFs Eventually Replace Mutual ...
    Mutual Funds & ETFs

    Will ETFs Eventually Replace Mutual ...

  4. Why Hewlett-Packard Continues To Reinvent ...
    Stock Analysis

    Why Hewlett-Packard Continues To Reinvent ...

comments powered by Disqus
Hot Definitions
  1. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  2. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  3. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  4. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  5. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  6. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
Trading Center