Swift Eyes Further US Penetration by Staying 'Local'

Paul Taylor, a director for business development at SWIFT

A recent SWIFT survey found that somewhere between 40 to 60 percent of all such trades either go unconfirmed or are manually confirmed, depending on asset class. Owing to a push among a handful of influential long-only asset managers as well as established OMS providers, Taylor says the vendor's relatively new Global Electronic Trade Confirmation (GETC) matching solution has gone from half a dozen installations to more than 60 just this year. Softness in the post-trade processing market is

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