SWIFT: Pushes for greater automation in FX

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SWIFT: Pushes for greater automation in FX

  • SWIFT global member owned cooperative and the world’s leading provider of secure financial messaging services
  • Leading industry efforts to increase automation levels in the global FX market
  • Help remove barriers that hinder the exchange of information and to enable straight through processing
  • The global FX market which trades in 180 currencies and in large volumes, cannot operate without high levels of automation
  • The value of standards in the FX markets urges the FX industry to seize the opportunities presented by greater harmonisation
  • SWIFT adapting standards used in FX, in conjunction with industry, to lower the cost of doing business, increase returns on investment