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. Exempt Transaction

    A type of securities transaction where a business does not need ...
  2. Transaction

    1. An agreement between a buyer and a seller to exchange goods, ...
  3. Settlement Date

    1. The date by which an executed security trade must be settled. ...
  4. Straight Through Processing - STP

    An initiative used by companies in the financial world to optimize ...
  5. Peer-To-Peer (Virtual Currency)

    The exchange or sharing of information, data, or assets between ...
  6. Near Field Communication (NFC)

    A wireless technology that allows users to make payments by placing ...
Related Articles
  1. Active Trading Fundamentals

    Understanding Investor Behavior

    Discover how some strange human tendencies can play out in the market, posing the question: are we really rational?
  2. Active Trading Fundamentals

    Is finance an art or a science?

    The short answer to this question is "both". Finance, as a field of study and an area of business, definitely has strong roots in other scientific fields such as statistics and mathematics. Furthermore, ...
  3. Entrepreneurship

    How Steve Jobs Changed The World

    As an innovator and visionary, Steve Jobs’s accomplishments can be held on a pedestal with the likes of Microsoft’s Bill Gates, Google’s Larry Page and Sergey Brin and Facebook’s Mark Zuckerberg.
  4. Investing News

    The State Of 3-D Printing in 2015

    As 3-D printing technology continues to advance, it's no longer far-fetched to imagine 3-D printers in everyday households.
  5. Economics

    Disrupting the Disruptors: Technology vs. the Law

    Tech companies that are leaders in the sharing economy, like Airbnb and Uber, face legal issues.
  6. Credit & Loans

    Paypal Vs. Credit Card: Which Is Safer?

    Does using PayPal help protect you against identity theft – or does it just add yet another place where cyber thieves can access your data?
  7. Investing News

    2015 Tech Predictions From The IDC

    Each year the International Data Corporation (IDC) compiles a list of tech-related predictions for the coming year. Here are the IDC's prognostications for 2015.
  8. Personal Finance

    How Shazam Makes Money

    Prior to universal access to digital technology, identifying music in restaurants, bars, or stores was difficult to nearly impossible. Founded in 2000, Shazam provided a readily-available solution ...
  9. Fundamental Analysis

    How Technology Has Revolutionized Asset Management

    Technology has had a dramatic impact on the asset management industry over the past decade, from more sophisticated strategies and products, to lower fees.
  10. Investing News

    How Drones Are Changing The Business World

    The economic impacts associated with UAV integration consist of job creation and billion dollar growth.

You May Also Like

Hot Definitions
  1. Prospectus

    A formal legal document, which is required by and filed with the Securities and Exchange Commission, that provides details ...
  2. Treasury Bond - T-Bond

    A marketable, fixed-interest U.S. government debt security with a maturity of more than 10 years. Treasury bonds make interest ...
  3. Weight Of Ice, Snow Or Sleet Insurance

    Financial protection against damage caused to property by winter weather specifically, damage caused if a roof caves in because ...
  4. Weather Insurance

    A type of protection against a financial loss that may be incurred because of rain, snow, storms, wind, fog, undesirable ...
  5. Portfolio Turnover

    A measure of how frequently assets within a fund are bought and sold by the managers. Portfolio turnover is calculated by ...
  6. Commercial Paper

    An unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories ...
Trading Center