Pershing, a BNY Mellon company, announced today that it has expanded its Society for Worldwide Interbank Financial Telecommunication (Swift) messaging capabilities for its introducing broker-dealer customers.
The enhanced SWIFT offering provides financial services organizations with access to a wide range of secure financial messages which enables them to communicate more efficiently and effectively with Pershing across critical business and operational areas.
Pershing has offered its customers SWIFT messaging services since 2001 to help them communicate clearance and settlement and position and balance information. The expanded SWIFT messaging offering now enables financial services organizations to communicate a broader array of U.S. and non-U.S. dollar-related activities such as order management, position and balance information and corporate actions.
Frank La Salla, managing director of the global securities services group at Pershing said, "SWIFT messaging has been, and continues to be, an important vehicle for our customers throughout Europe and Asia to communicate with our platform. This expanded offering will help our customers enhance their operational efficiency and underscores our steadfast commitment to provide our global customers with the tools and technology solutions they need to better serve their investors and grow their businesses."