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Financial Transaction Processing

ALSO CALLED: Transaction Processing (Finance)
DEFINITION: The Transaction Processing Performance Council (TPC) is a worldwide consortium that establishes standards intended to promote the fast, efficient and reliable execution of e-commerce and database transactions. The benchmarks defined by the TPC measure  … 
Definition continues below.


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Get Ready for Markets in Financial Instruments Directive (MiFID): Implications of Level 2
sponsored by ILOG, Inc.
WHITE PAPER: This white paper details the benefits associated with Business Rule Management Systems (BRMS) and highlights the business and technological impact of the Markets in Financial Instruments Directive (MiFID).
Posted: 10 Apr 2008 | Published: 01 Oct 2007
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The Buyside and the Three Phase Evolution of Electronic Trading White Paper
sponsored by Advent Software, Inc.
WHITE PAPER: This paper presents the buyside with a framework that offers a vision for the trading platforms. This framework explains why the future of trading belongs to independent broker-neutral systems supplied by software firms rather than sellside brokers.
Posted: 02 Feb 2007 | Published: 01 Jan 2007
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FINANCIAL TRANSACTION PROCESSING DEFINITION (continued): …  performance on the basis of the speed and reliability with which transactions are carried out. Speed can be measured in terms of the number of transactions per second or minute; reliability can be expressed as a percentage.

A typical transaction is an order for merchandise placed by a customer using a Web browser and entered into a corporate database by means of the Internet. The order transaction involves checking an inventory list, verifying that the item is in stock … 
Financial Transaction Processing definition sponsored by SearchSOA.com, powered by WhatIs.com an online computer dictionary



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