SWIFT is planning to launch a new business intelligence solution that will help securities market participants to monitor and gain valuable business insights from their network traffic.
The new Watch for Securities offering is expected to go live in Q1 2015 with an early adopter programme planned for the end of 2014. It is targeting local and global custodians, universal banks and asset managers.
Built on a secure and single online platform, according to SWIFT, Watch for Securities provides consolidated access to monthly aggregated global, regional and country level data for securities messages.
It offers “highly reliable data” that institutions can use to adjust their systems and focus their activities. It can also be used for a number of purposes including benchmarking and analysis of market trends, activity share and operational indicators.
Watch for Securities will initially cover asset servicing and settlement messages for equities and fixed income markets.
Stephen Gilderdale, head of new business development at SWIFT, said: "Building on SWIFT’s existing business intelligence success in payments, the new Watch for Securities extends our portfolio to provide new business insights specifically focused on securities messages.”
“SWIFT is well placed to help its customers strengthen their understanding of their business, the market they operate in and independently assess the services they receive from their agents or give to their clients.”
