Web Services and Straight Through Processing (STP)
This paper discusses the fundamentals of STP, the need for, driving forces behind, and benefits of STP, the current state of technology supporting STP, and the relationship of enterprise and business-to-business application integration and business process management with STP. It also looks at the critical parameters for the success of STP, presents an introduction to Web Services including its participants and operations, and examines the application of SOA-based framework to STP. There is a detailed discussion on the usage of Web Services for STP, and an example of the usage of Web Services for a real-world STP-related matching utility for mortgage and government-backed fixed income instruments.
KeywordsBusiness Process Business Process Management Simple Object Access Protocol Financial Company Trade Information
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