ISITC International Securities Association for Institutional Trade Communication

Securities transactions depend on split-second timing and second-to-none accuracy and efficiency. How can a securities-trading company ensure it is using the most effective, up-to-date, and widely used communications processes to accomplish this?

It turns to the International Securities Association for Institutional Trade Communication.

ISITC is an organization that develops invaluable recommendations for straight-through processing and other electronic trade and communications procedures — recommendations that are repeatedly adopted by the industry and become standards that have transformed trading processes.

The association is unique in that it is not only for the industry, but by the industry. Over 1,500 individuals from 350 member organizations work together to generate the proposals that refine these processes market-wide.

The result is that those in the securities business are revolutionizing trading operations, benefiting themselves and the industry as a whole.

Chairman's Message:

Summer is finally here, which means many of us will be taking some well needed time off!

Upon return from the June Industry Forum & Working Group meeting, I wanted to thank everybody for making it another successful meeting. In light of the current economic climate I was very happy with the number of members in attendance. I had the opportunity to attend several of the working groups and forum sessions and wanted to thank the co-chairs for their continued success delivering towards key initiatives for our members. A special thanks as well to a few folks who stepped up to help drive some of the working groups; Judy Ottignon for running Recon on her own, Jason Brasile for leading the Payments session and Tom Sutter for keeping Investment Funds going.

Recently, we sent out a survey to the ISITC Membership regarding our fall meeting and we received some very valuable feedback. We continue to work on the logistics, and do plan to have a September meeting in Boston at the Renaissance Waterfront Hotel from Sunday, September 20 - Monday, September 21, 2009. More details around registration will be coming shortly. I wanted to thank all of you who responded to the survey. We value your input tremendously and in this case, it was very helpful in making our decision to have our September Industry Forum & Working Group Meeting. We will continue to send out surveys to the membership for your feedback on future meetings and topics. Also feel free to send feedback to our marketing committee.

The Investment Roadmap group has reconvened and is meeting to discuss the direction around CFD's as well as bank loans. This will be critical in driving our business process and delivering on key standards.

As for Public Relations, and with the summer seasons starting, we continue to make ourselves available to the press and promote the activities of the organization. Gary Probert, 1st Vice Chair will be attending the SIFMA Technology Conference in New York and will have the opportunity to meet with members of the press. This will be a continued goal of the organization to ensure the industry is well informed of ISITC.

I want to wish you all a wonderful summer and I look forward to seeing you in Boston in September!

Regards,
Genevy