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Riding the trending wave of SMI cross-border links

Riding the trending wave of SMI cross-border links

Market Infrastructure,
7 December 2017

New paper discusses lessons and perspectives for Asia Pacific

Singapore, 5 December 2017 – SWIFT announces today the release of a new information paper on cross-border securities market infrastructure links. This information paper summarises the involvement of SWIFT in supporting a number of successful cross-border projects between market infrastructures and sets out a number of observed critical success factors in such initiatives.

Endeavours to link global markets through shared platforms, partnerships and alliances are increasingly commonplace. Conjointly prevalent is the growth of strategic cross–border links between securities market infrastructures. A number of events are steering securities market infrastructures in this direction, notably renewal of operating technology and systems and expansion of business and service offerings. Furthermore, their involvement in national or regionalisation initiatives, adherence to new regulation and adoption of international best practices are at the helm of expanding market infrastructure collaboration.

The information paper highlights a number of critical success factors for these initiatives to come to fruition; amongst them:

  • Transparent organisation and planning structures
  • Robust and cost effective technical solutions
  • Harmonised standards market practice
  • Coordinated connectivity user groups and rigorous community engagement

Alexandre Kech, Head of Securities & FX Markets, APAC, SWIFT said: “SWIFT continues to be an integral part of the Asia Pacific financial fabric and is committed to fostering economic integration towards the continuous growth in the region. As an industry cooperative, SWIFT is working closely with market infrastructures across the world to enhance global transaction flows through facilitative community initiatives and programmes”.

The discussion paper is available for download here.

Cross-border securities market infrastructure links

SWIFT is a global member-owned cooperative and the world’s leading provider of secure financial messaging services. We provide our community with a platform for messaging, standards for communicating and we offer products and services to facilitate access and integration; identification, analysis and financial crime compliance. Our messaging platform, products and services connect more than 11,000 banking and securities organisations, market infrastructures and corporate customers in more than 200 countries and territories, enabling them to communicate securely and exchange standardised financial messages in a reliable way. As their trusted provider, we facilitate global and local financial flows, support trade and commerce all around the world; we relentlessly pursue operational excellence and continually seek ways to lower costs, reduce risks and eliminate operational inefficiencies. Headquartered in Belgium, SWIFT’s international governance and oversight reinforces the neutral, global character of its cooperative structure. SWIFT’s global office network ensures an active presence in all the major financial centres.

For more information, visit or follow us on Twitter: @swiftcommunity and LinkedIn: SWIFT.

Xavier Duval