In an interview with Securities Trade Monitor, SWIFT’s Paul Taylor said that regulations and efforts to reduce costs are driving forces for post-trade automation. He said that SWIFT is offering two new products: Global Electronic Trade Confirmation, which allows clients to confirm trades early and significantly reduces risk, and Accord, an asset-matching software that can be added to existing infrastructure. SWIFT is one of many companies launching new products for an expanding client base looking for a cost-effective way to operate in the post-trade world.

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