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.


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.

  1. Transaction

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

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

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

    A type of securities transaction where a business does not need to file registrations ...
  5. Voice-over-Internet Protocol (VoIP)

    A technology that allows users to communicate through an Internet connection ...
  6. Value-Added Network (VAN)

    A private network provider hired by a company to facilitate electronic data ...
  7. eCash

    An Internet-based system that allows funds to be transferred anonymously. Similar ...
  8. Financial Hub

    A city or region that is considered to be a focal point for the financial services ...
  9. Digital Wallet

    A system that securely stores users' payment information and passwords for numerous ...
  10. Abend

    An unexpected end to a computer program that results in the system crashing ...
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