Trade Initiation MessagesPosted 9 May 2005 For investment managers and broker / dealers wishing to communicate with each other directly, SWIFT offers the ISO 15022 trade initiation messages for use on SWIFTNet FIN.
A comprehensive set of messaging standards which allow for automation of the trade order process. - ISO15022 message standards
- Message validation, non-repudiation and guarantee of sender
- STP improvement facilitating cost and risk reductions
- Leverage of existing FIN architecture
The diagram below highlights the three messages covering the Pre-trade / Trade flows.
ISO 15022 Pre-trade / Trade Message Flows
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