Hewlett-Packard has launched STP Framework, a package of measures designed to help financial institutions achieve straight-through processing of trades from execution to clearing and settlement.
The HP STP Framework is supported by many of the vendor's core applications and software products - including the HP Netaction suite for the rapid development, integration and deployment of e-services, and HP OpenView for end-to-end transaction management - as well as third party applications.
HP says the implementation methodology is flexible enough to address the specific needs of each firm at any point in the transaction lifecycle, including trade input, validation, matching and the resolution of exceptions, across all relevant instrument types.
In advance of the launch, HP says it carried out an extensive market validation process with several major financial institutions.
Alistair Jones, director, Dresdner Kleinwort Wasserstein, says he is impressed by HP's approach: "The HP STP Framework will enable financial institutions to deliver improved efficient services and reduced costs, with the security of working with a trusted global vendor."