13 research outputs found
Reengineering Trading and Treasury Operations in International Financial Services
Maximizing business value of investments in hardware, software and telecommunications
technologies that occur in the trading and treasury operations of an international bank requires
senior management to evaluate the extent to which the technology infrastructure enables the bank
to perform a number of key functions. These include: formulating effective trading strategies,
pricing financial instruments accurately and rapidly, being able to respond to changing market
conditions, processing transactions cost-effectively, resolving inquiries quickly, and moving to
support emerging corporate treasury products. After a decade of rapid growth in investment
levels, senior managers now emphasize refining, rationalizing and integrating trading and treasury
technology architectures to support improved global financial risk management, better capital
utilization, and higher transaction volumes. This chapter examines how senior managers can
accomplish these goals by re-engineering pre-trade, trade execution and post-trade business
processes. It presents a framework that utilizes basic concepts from management science and
microeconomics to illustrate the variety of impacts that re-engineering can have on improving firm
revenues and controlling or reducing costs. It also presents a series of managerial
recommendations based on the framework.Information Systems Working Papers Serie