CROSS-BORDER SECURITIES TRADING & STRAIGHT THROUGH PROCESSING

S. Ozan Tüzünalper
Murad Kayacan, Ph.D.

This paper discusses seamless integration of systems and processes to automate the trade process from end to end trade execution, confirmation and settlement of equities, bonds, and other securities without manual intervention or data entry. Through this system application, the capability of global financial markets' integration and avoidance of settlement risks will be accomplished in the most efficient and effective way. The goal of conversion of T+3 to T+1 settlement of cross-border transactions will create an enormous efficiency on global capital funds utilization.