SWIFT for broker/dealers

Benefits

Enable scale
Reduce costs
Mitigate risk
Improve customer service
Increase reach

As a broker/dealer you need to meet your customers’ requirements for cross-asset class trading – especially the rise of derivatives — and access to emerging markets, while accommodating growth in cross-border and electronic trading. You are also focused on building scale and reducing operating costs — and coping with an increased regulatory, risk and compliance burden.

Whether you are interacting with a client, a regulator, a service provider or a peer, SWIFT can help.
SWIFT’s offering for broker/dealers combines secure, standardised messaging and pre-settlement processes across multiple asset classes, with a reference data and standards foundation.

Because we support multiple standards (including FIX and FpML), you can leverage SWIFT to streamline processing from the front to the back office, for all asset classes.

You can also take advantage of SWIFT to increase your reach in 208 countries. Communicate with buy side clients, connect to regional brokers, streamline interaction with settlement agents and meet risk and compliance obligations with access to market infrastructures including CLS, central counterparties and central securities depositories. SWIFT’s resilience is unrivalled, and delivery of critical messages is guaranteed.

What can I do with my SWIFT connection?
How can I connect to — and make the most of — SWIFT?

What can I do with my SWIFT connection?

Solutions

For payments

Cash Reporting– Supporting your real-time account information needs
Exceptions and Investigations – Making investigations pay

For treasury and securities

Accord – Enabling real-time matching and exception handling for foreign exchange, money market and derivative confirmations
Affirmations – Providing a cost-effective way of enhancing STP across the treasury and derivative markets
SWIFT's CLS Third Party Service – Providing a global FX settlement solution for non-CLS members
Standard Settlement Instructions for FX (MT298) – for the inter-bank market

For pre-trade

FIX over SWIFT – SWIFT access to UL NET

For custody services

For funds

Funds — Supporting the automation of investment funds distribution

For regulation & compliance

MiFID transaction reporting

Market infrastructures

In securities

Many securities market infrastructures use SWIFT, such as Clearstream, DTCC, Euroclear, LCH.Clearnet, SIS and STRATE.

See a complete list of securities market infrastructures using SWIFT (PDF).

Messaging

Learn about the messaging services and related tools that support your needs

How can I connect to — and make the most of — SWIFT?

Services

Partners

Our experienced training team offers you the latest SWIFT information through a wide range of classroom courses, on-site training and e-learning products.
Business Assessment Programme

SWIFT works in partnership with third party application and service providers to offer you a total end-to-end solution and to ensure smooth and fast integration of SWIFT products.