Progress Software
SOLUTIONS
PRODUCTS
CUSTOMERS
PARTNERS
SUPPORT
COMMUNITY
NEWS & EVENTS
ABOUT US

Straight-through Processing (STP)

Straight-through Processing: Reducing Time and Risk

Straight-through processing (STP), or flow-through processing, is a solution for seamlessly automating and integrating the end-to-end trade processing of financial instruments across all applications, systems, and organizations involved in a trade. The goal of STP is to reduce the time of the entire trading process—thereby decreasing settlement risk and lowering operating costs.

Historically, trade processing has involved manual steps and re-keying of data as it passed from one proprietary system to the next. STP aims to eliminate these inefficiencies by integrating front-end, middle, and back-end applications and connecting different trading stakeholders electronically, based on standards for system interoperability and business process interoperability. As a result, for straight-through processing to be successful companies require a technology infrastructure that is fast, accurate, and stable enough to reduce time and ensure trade accuracy and completion. Standards are also critical, for ensuring accuracy in sharing data. Finally, the solution needs to be extensible to accommodate the future growth of trading and to be secure to comply with regulations. For enterprises seeking applications that provide effective straight-through processing, Progress Software offers industry-leading solutions and technology.

Progress Sonic: The Right Messaging Infrastructure for Straight Through Processing

Progress® Sonic® messaging products provide the fast, reliable, message delivery across distributed systems necessary for optimal STP. Progress® SonicMQ® is the industry's most scalable, robust, and resilient standards-based enterprise messaging server. Based on SonicMQ, Progress® Sonic ESB® simplifies the integration and flexible re-use of business applications within a service-oriented architecture (SOA). These products provide:

  • Enterprise-grade messaging with unsurpassed scalability and performance. Sonic messaging software can handle a large number of connections with high-speed message throughput. What's more, with Progress' advanced clustering technology and Dynamic Routing Architecture®, brokers can be clustered and clusters linked in a community, respectively, for unlimited scalability. These features increase the number of communications handled and enable load balancing across brokers in the cluster, or clusters, facilitating the fastest possible communication across the most effective path.

  • Continuous availability with guaranteed message delivery. The Progress Sonic Continuously Available Architecture® (CAA) ensures system uptime, all the time. It enables real-time response to business events that occur between primary and secondary brokers over dedicated networks. If a network or primary broker fails, the secondary broker continues to operate without transactional rollback—or the risk of lost, duplicate, trapped, or out-of-order messages.

  • Extensive, standards-based connectivity. Progress' messaging products have been built from-the-ground-up to support standards for integrating applications, systems, and platforms, including Internet applications and wireless devices, across the extended enterprise.

  • Comprehensive, out-of-the-box security. SonicMQ and Sonic ESB restricts access to messages and enterprise systems inside and outside of the firewall with comprehensive authentication and authorization and its own payload encryption functionality. It also enables you to leverage your existing network security products.

Supporting Straight-Through Processing with the Power of Progress Sonic

With Sonic's fast, guaranteed message delivery system, messages are never lost due to software, network, or hardware failure. As a result, Sonic ensures that no business is lost in the event of a system crash, and it reduces the time and cost of processing each transaction - that's why industry-leading financial services companies depend on SonicMQ for their most complex business transactions and mission-critical communications across the enterprise.

In addition to straight-through processing's technology, Progress Software delivers technology the right technology for SOA infrastructure. These technologies include enterprise service bus, bpel orchestration, soa management, and semantic data integration. Contact us to learn more about the products and technologies from Progress Software.