New Swift solution aims for better processing
As part of the strategy to grow its existing FX business, Swift developed a new integrated middle- and back-office solution that hooks up with a trading platform for better straight-through processing (STP), said Fabian Vandenreydt, head of broker-dealer and pre-settlement services at Swift.
"It's an extension of the services we already provide in FX," Vandenreydt said. He added Swift will be leveraging its existing real-time connection to link to the trading platforms, although the format for
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