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SWIFT expands FX Performance Insights offering

First Published 31st May 2017

New Business Intelligence FX Performance Insights tool is now available to the wider financial community

SWIFT has extended its Business Intelligence FX Performance Insights tool beyond G16 broker-dealers to now provide the service to the wider financial community.FX Performance Insights allows financial institutions to continuously measure their FX business performance. FX market data in these reports is based on metrics derived from actual transactions over SWIFT instead of proprietary survey-based information.

Designed primarily to support major market players, the FX Performance Insights service is now available to any FX Market participant. With over 8,000 financial institutions, such as global and regional banks, central banks, sovereign wealth funds, and more than 2,000 investment managers and corporates handling confirmation messages, there is a growing market need for fact-based FX market data.

Market data within FX Performance Insights reports is derived from SWIFT messaging that supports the legal confirmation process for global FX markets. The FX transactions confirmed over SWIFT cover more than 133 currencies across 219 countries and territories, representing a broad and comprehensive view of FX market activity worldwide.

"The golden copy of FX global market data is very difficult to acquire," says Fabian Vandenreydt, Global Head of Securities Markets, Innotribe & The SWIFT Institute at SWIFT. "Most information is based on surveys and local data from an institution's proprietary trading sources. SWIFT has access to a unique set of FX data points based on message traffic flows. When this raw data is aggregated and packaged together with our analysis and insights, it becomes an invaluable tool for FX players, globally."