Paul Michaels has created this process describing a general STP workflow model for a Buy Side Institution:
This model describes a general STP workflow model for a Buy Side Institution (Fund Manager, Mutual Fund, Private Wealth Manager). For purposes of simplicity it is described for a Buy transaction only.
It is a generic model, and not representative of how all Buy Side firms operate, but should give a general overview. It is based, loosely on an equity transaction, but of course would vary to a degree depending on instrument type, market, etc.
For further information on this model, and how to implement this model in your organisation (including system selection) please contact email@example.com