ISITC Fact Sheet

What is ISITC?

The International Securities Association for Institutional Trade Communication (ISITC) is a 350-company, 1,500-member organization devoted to developing recommendations for securities trade processing standards (including straight-through processing) and related communications in order to make trades faster and more accurate. ISITC was founded in 1991.

What is ISITC’s industry makeup and what types of companies belong?

Member organizations include broker/dealers, custodians, investment managers, and vendors/utilities.

What types of companies belong?

Member organizations include broker/dealers, custodians, investment managers, and vendors/utilities. These include some of the world’s largest and most prestigious banks and financial companies, such as UBS, Bank of America Securities, TIAA-CREF, Citibank, Morgan Stanley, Vanguard, Fidelity Investments, The Depository Trust & Clearing Corp., and KPMG. Click here for a full list.

What is the number one member benefit?

All members are invited to contribute their expertise to ongoing discussions and resolutions that involve some of the most significant issues in securities trade processing.

What are some other member benefits?

Education, networking, and interacting with vendors that can help businesses work more efficiently.

What is a Working Group?

A group of members who discuss and propose industry-wide standards for a specific element of electronic trading or other communications issue. Currently, there are 12 Working Groups. Click here for Working Group information.

What is an Industry Forum?

Meeting forums that host a group of industry-specific members for the purpose of discussing which STP and other communications processes should be improved. ISITC hosts four Industry Forums throughout the year. Click here for Industry Forum information.

What are ISITC events like?

ISITC has four events per year: three Industry Forums and Vendor Shows and one Working Group-only event. Events are a mixture of general sessions, Working Groups and, once per year, Industry Forums. In Working Groups, members and non-members assess and determine content to be included in documents that propose standards for trade processing. Industry Forums discuss which process details need improvement. Events generally follow a day of presentations/panel discussions, vendor exhibits, and networking opportunities. Click here for more event information.

In what regions does ISITC operate?

North America, Europe, and Asia.