SWIFT expands FX portfolio with business insights information service
SWIFT has announced that HSBC is the first customer to use its new FX Business Insights information service.
SWIFT has announced that HSBC is the first customer to use its new FX Business Insights information service.
SWIFT has announced that HSBC is the first customer to use its new FX Business Insights information service. The FX service from SWIFT allows its customers to continuously measure their FX business performance and make more informed strategic decisions, based on metrics derived from actual transactions rather than survey-based information.
FX Business Insights is derived from SWIFT messaging that supports the legal confirmation process for the global FX markets. The FX transactions confirmed over SWIFT cover more than 133 currencies across 219 countries and territories.
Designed primarily with major market makers in mind, the product offering establishes new industry benchmarks. In developing the offering, SWIFT has consulted with trading and business management at a number of Tier 1 Investment Banks, with HSBC becoming the first customer of the service.
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