Swift has launches a business intelligence solution that derives insights from network traffic.

Having completed a early adopter programme, Swift is now offering the service for full scale use by local and global custodians, investment banks, asset managers and broker/dealers.

“Through Watch for Securities customers can obtain valuable insights into how securities markets are evolving, and their share of activity in particular markets. The tool also measures the relative efficiency of a customer’s operations against the market as a whole," said Fabian Vandendreydt, head of markets management, Innotribe and the Swift Institute at Swift.

Watch for Securities will help users to monitor their network traffic. It covers settlement and corporate actions flows primarily used to facilitate cross border transactions between global custodians and investment banks and their counterparties including local agents and asset managers. 

The service provides securities market participants with additional information which the firm says will save time that participants currently spend gathering that same data from multiple proprietary systems and locations. 

The analytics included in the service also enables financial institutions to measure and benchmark their own activities with the overall activity on Swift, segregated by client type.

“Driving business performance from data is no longer just a nice-to-have,” says Stephen Gilderdale, head of new business development at Swift. 

“With massive amounts of unstructured data available, many financial institutions need to find new ways to turn data into meaningful business insights."