International Securities Association For Institutional Trade Communication - ISITC

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.

BREAKING DOWN '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. Straight Through Processing - STP

    An initiative used by companies in the financial world to optimize ...
  2. Australian Bankers Association ...

    An association of banks that work on behalf of its member financial ...
  3. Market Identifier Code - MIC

    A four-character code used to identify stock markets and other ...
  4. Financial Institution - FI

    An establishment that focuses on dealing with financial transactions, ...
  5. Correspondent

    The name given to a bank, broker, dealer, or financial institution ...
  6. Industrial Organization

    A field of economics dealing with the strategic behavior of firms, ...
Related Articles
  1. Economics

    Inside National Payment Systems

    Investopedia explains: The global interconnection of U.S. payment systems makes commerical and financial transfers possible.
  2. Credit & Loans

    The Wall Street Reform Act: What You Need To Know

    What is in the Act, how will it impact most Americans, and what should investors do?
  3. Personal Finance

    Introduction To Financial Planning Organizations

    Organizations such as the FPA and NAPFA are striving to provide higher standards for the financial planning profession and greater protection for consumers through a combination of community ...
  4. Professionals

    Financial Professionals: The Benefits Of Joining An Association

    Make a name for yourself among your industry peers by joining a professional association.
  5. Economics

    What Are The Costs And Benefits Of Organic Food?

    Organic food is becoming more commonplace in supermarkets, and there are several hidden costs and financial benefits associated with the certification.
  6. Taxes

    What IRS Form 1023 Is Used For

    To be treated as a tax-exempt organization, start by filling out this form.
  7. Fundamental Analysis

    Institutional Investors And Fundamentals: What's The Link?

    Big-money sponsorship might make a company look good, but it's not always a reliable gauge of stock quality.
  8. Taxes

    What IRS Form 990 Tells About a Nonprofit

    Want a picture of an organization's activities? This annual form, open to the public, sums up everything from salaries paid to missions accomplished.
  9. Career Education & Resources

    Financial Analyst: Career Path & Qualifications

    Read about what it takes to become a financial analyst in a corporation or securities firm, and learn how far you can rise in the profession.
  10. Investing

    Why Are Financial Literacy and Education so Important?

    Financial literacy is the confluence of financial, credit and debt knowledge that is necessary to make the financial decisions that are integral to our everyday lives.
RELATED FAQS
  1. What are the major categories of financial institutions and what are their primary ...

    Understand the various types of financial institutions that exist in today's economy, and learn the purpose each serves in ... Read Answer >>
  2. How does financial accounting help decision making?

    Read a brief overview of some areas where financial accounting helps in decision making for investors, lending institutions ... Read Answer >>
  3. What are some of the key risks of investing in the financial services sector?

    Learn about the risks that come with investing in the financial services sector, so that those risks can be recognized and ... Read Answer >>
  4. What distinguishes the financial services sector from the banks?

    Learn about the difference between the banking industry and the financial services sector and how to distinguish financial ... Read Answer >>
  5. What is the difference between financial forecasting and financial modelling?

    Understand the difference between financial forecasting and financial modeling, and learn why a company should conduct both ... Read Answer >>
  6. What are the main factors that drive share prices in the financial services sector?

    Learn what factors affect share prices in the financial services industry and how shrewd investors analyze those factors ... Read Answer >>
Hot Definitions
  1. Goldilocks Economy

    An economy that is not so hot that it causes inflation, and not so cold that it causes a recession. This term is used to ...
  2. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
  3. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  4. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
  5. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
  6. Weighted Average Cost Of Capital - WACC

    Weighted average cost of capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is ...
Trading Center