Liquidity in major currency pairs is healthy, but the structure of liquidity in FX is changing. Fewer banks are willing to take principal risk, most feed off the liquidity of others, the much-vaunted non-bank liquidity providers are proving reliant on bank credit, and buy-side firms are interested primarily in data that can tell them where liquidity is - and is not.

The FX voice trader has not yet disappeared, and electronic trading has added to price transparency without necessarily boosting liquidity, which is fragmented across specialist platforms. But the number and market share of electronic trading platforms in all FX instruments is set to increase, and FX trading may one day be traded as just another financial asset class across a network of digital trading systems.

New study from the Swift Institute and the Harvard Kennedy School looks at the impact of mobile banking on levels of financial inclusion in Africa through the lens of Kenya

5 key steps compliance professionals need to take to better harness payment data for compliance risk and achieve greater efficiencies.

Carlo Palmers and Isabelle Olivier from Swift talk about the company’s instant payment strategy.

Swift’s RMB Tracker shows an 18% increase in RMB usage by financial institutions worldwide for payments with China and Hong Kong

FX market participants face the challenge of declining profitability as clients squeeze margins and the FX Global Code increases compliance costs, but help is available from an unexpected quarter – namely, back office data and services.

After the successful launch of instant payments systems TIPS and RT1, the European payments industry prepares for TARGET2-T2S consolidation, EURO 1 modernisation and the adoption of ISO 20022 for cross-border payments and reporting. A series of Swift events on changes in the European payments landscape have attracted more than 500 participants.

Enabling economic development in Africa – do payment systems matter?

Standards tools to support your development phase