SWIFT has launched Watch for Securities, a new business intelligence solution that helps securities market participants to monitor and gain valuable business insights from their network traffic.
Watch for Securities is ready for use by local and global custodians, investment banks, asset managers and broker-dealers.
The new solution covers settlement and corporate actions flows primarily used to facilitate cross border transactions between global custodians and investment banks and their counterparties, including local agents and asset managers.
Watch for Securities provides securities market players with additional independent and monthly aggregated global traffic information saving financial institutions the time and effort of gathering that same data from multiple proprietary systems and locations.
The analytics provided enables financial institutions to measure and benchmark their own activities with the overall activity on SWIFT, segregated by client type.
Stephen Gilderdale, head of new business development at SWIFT, commented: “Driving business performance from data is no longer just a ‘nice-to-have’,”
“With massive amounts of unstructured data available, many financial institutions need to find new ways to turn data into meaningful business insights. We are pleased to evolve and extend this service to our securities customers, particularly in the areas of corporate actions processing and settlement services.”
Fabian Vandendreydt, head of markets management, innotribe and the SWIFT Institute, added: “Through Watch for Securities customers can obtain valuable insights into how securities markets are evolving, and their share of activity in particular markets. The tool also measures the relative efficiency of a customer’s operations against the market as a whole.”
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