SWIFT The global provider of secure financial
messaging services

Pre-trade / Trade

In the equities and fixed income markets, this space covers all activity leading up to and including the order and execution of a trade. Information is typically exchanged between a client (e.g. Investment Management Institution) and a financial institution (e.g. Broker / Dealer) to indicate interest in buying or selling a security; instruct a buy or sale of a security; provide the status of the trade; and to confirm the trade between the two parties.

SWIFT supports pre-trade/trade activity through two main solutions: