Summit Press Publishes Second Edition of Bestselling Book on Securities Operations
New York, October 27, 2004 - Summit Press, a division of The Summit Group, has announced the publication of the second edition of its bestselling book, How the US Securities Industry Works.
All new and updated with the latest developments in securities industry procedures, the book is a clear, comprehensive and user-friendly guide to the world of securities processing. Written by Hal McIntyre, a leading expert on operations and technology in the financial services industry, the book defines and describes how the markets, banks, brokers and investment managers actually work together to support investing by individuals and institutions.
“The securities industry is constantly evolving, and in order to understand the impact of each change, professionals need to understand how all of the different segments of the industry work together to process various types of instruments” said Mr. McIntyre, who is a Managing Partner of The Summit Group, a New York-based consulting firm that specializes in management consulting, market research and systems integration for the financial services industry.
The book has been updated to include practical strategies for dealing with the most current industry challenges, including topics such as STP, local vs. central trade matching and Alternative Trading Systems. Readers will learn how trades are handled, from execution to final settlement and safekeeping, how derivatives are created, how brokers work with their clients, and how new products and services keep expanding the choices that benefit investors.
Mr. McIntyre is also the author or editor of the industry bestsellers, Straight Through Processing for Financial Services Firms, the Securities Operations Glossary and is a co-editor of Software Testing for Financial Services Firms.
To arrange an interview with Mr. McIntyre, or to request a copy of the book for review, contact the Publisher, Scott Porter, at 212-328-2500 x242.
ABOUT THE SUMMIT GROUP
The Summit Group [www.tsgc.com] has provided management consulting, market research and systems integration services to banks, brokers and investment managers for over fifteen years. Customers include such leading financial services firms as Citibank, Deutsche Bank, State Street Global Advisors, Alliance Capital, AIG, DTCC, Thomson Financial Services and others.
Some recent major projects include the development of a Cash Management Account process in Hong Kong, maintenance of a worldwide securities settlement system, development of a global risk management system, and complete testing of a processing application. The Summit Group has been selected by Crain's Business Weekly as one of the Top 25 Management Consulting firms in New York for the fourth year in a row, and has supported firms throughout the industry in selecting and implementing Middleware and in integrating systems across multiple platforms to support Straight Through Processing.
In addition, The Summit Group, through its Securities Operations Forum subsidiary ( www.soforum.com ), publishes two online newsletters, Securities Operations Letter and Global Custody News, which are read by over 4,000 people worldwide; and provides open enrollment and custom training classes to over 2,000 securities professionals annually. Securities Operations Forum also hosts eight to ten conferences annually on a wide range of topics of interest to the financial services industry, and Summit Group Press publishes books of interest to the securities industry such as How the US Securities Industry Works , and the Securities Operations Glossary.
Securities Operations Forum was recently selected by ISITC to develop and deliver a complete eLearning industry credential, the Securities Industry Professional, that is recognized by the securities industry as the only comprehensive program for securities operations, technical and administrative staff.