By Topic

Straight through processing for corporate foreign exchange trading Lessons learned from a Web Service based implementation

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

Formats Non-Member Member
$31 $13
Learn how you can qualify for the best price for this item!
Become an IEEE Member or Subscribe to
IEEE Xplore for exclusive pricing!
close button

puzzle piece

IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards, eBooks, and eLearning courses.

Learn more about:

IEEE membership

IEEE Xplore subscriptions

2 Author(s)
Kiet, V.H.T. ; Karlsruhe Univ., Germany ; Wojciechowski, R.

For multinational companies, buying and selling products worldwide is part of their every day business. Thus they have to deal with receivables and payables denominated in foreign currencies, which have to be hedged against foreign currency risk using derivative foreign exchange contracts. In the past this task has strongly relied on voice based broking. However, with Internet technology, online marketplaces for trading foreign exchange emerged offering access to the liquidity of a global market. Still companies are reluctant when deciding about the deployment of this new trading channel, knowing that it will only become valuable when seamlessly integrated into the corporate's foreign exchange trading process. In this work we present a Web service based straight through processing implementation and evaluate the users' acceptance of the integrated online marketplace.

Published in:

e-Technology, e-Commerce and e-Service, 2005. EEE '05. Proceedings. The 2005 IEEE International Conference on

Date of Conference:

29 March-1 April 2005