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. Exempt Transaction

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

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

    An initiative used by companies in the financial world to optimize ...
  4. Transaction

    1. An agreement between a buyer and a seller to exchange goods, ...
  5. Quick Response (QR) Code

    A type of bar code which can be read by a digital device, and ...
  6. Dual Interface Chip Card

    A credit or debit card with an embedded chip that allows the ...
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. Investing

    5 Up and Coming Social Media Startups

    Although the days of Facebook's dominance aren't close to being over, here are some new creative platforms gaining traction on the worldwide web.
  3. Investing

    Why Does Amazon Let Its Competitors Use AWS? (AMZN,NFLX)

    Amazon allows dozens of its competitors use AWS. Is this a strategy to earn revenue or something more?
  4. Investing

    Cybersecurity Startups Are an Emerging Trend

    As cybersecurity spending across both government and private sectors continues to increase amid rising concern of security threats, the potential for cybersecurity startups has never been greater. ...
  5. Stock Analysis

    Top 5 Companies Owned By Microsoft (MSFT)

    Find out about Microsoft's most newsworthy acquisitions. Microsoft acquired Skype in 2011 to expand its footprint in the online telecommunications sector.
  6. Investing

    What Investors Need to Know About Returns in 2016

    Last year wasn’t a great one for investors seeking solid returns, so here are three things we believe all investors need to know about returns in 2016.
  7. Investing News

    The 4 Most Expensive Company Campuses

    Discover some of the most expensive company campuses in the world, why they are often designed so elaborately, and learn how this affects workers.
  8. Stock Analysis

    The Top 5 Semiconductor Penny Stocks for 2016 (ACLS, CAMT)

    Learn more about the semiconductor industry, and discover five penny stocks that investors seeking exposure to this industry should consider in 2016.
  9. Stock Analysis

    Tech Stocks Vs. Financial Stocks in 2016

    Consider the arguments for allocating more of your investment portfolio to either the technology sector or the financial sector for 2016.
  10. Investing

    The Truth Behind Robo-Advisors

    Robo-advisors are marketed and sold as being more “intelligent” than their human counterparts. But are they actually more intelligent?
RELATED FAQS
  1. 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 ... Read Full Answer >>
  2. Is Apple Pay safe and free?

    Apple Pay is a mobile payment system created by Apple to reduce the number of times shoppers and buyers have to pay for goods ... Read Full Answer >>
  3. How has investing in the Internet sector evolved over time?

    Investing in the Internet sector has become more conservative over time. It reflects a more measured approach that shies ... Read Full Answer >>
  4. How have technical skills shifted over the past century in the workforce?

    Several changes have transformed the skills required of the modern workforce. The influence of technological change has undoubtedly ... Read Full Answer >>
Hot Definitions
  1. Super Bowl Indicator

    An indicator based on the belief that a Super Bowl win for a team from the old AFL (AFC division) foretells a decline in ...
  2. Flight To Quality

    The action of investors moving their capital away from riskier investments to the safest possible investment vehicles. This ...
  3. Discouraged Worker

    A person who is eligible for employment and is able to work, but is currently unemployed and has not attempted to find employment ...
  4. Ponzimonium

    After Bernard Madoff's $65 billion Ponzi scheme was revealed, many new (smaller-scale) Ponzi schemers became exposed. Ponzimonium ...
  5. Quarterly Earnings Report

    A quarterly filing made by public companies to report their performance. Included in earnings reports are items such as net ...
Trading Center