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SWIFT moves forward with securities alliances

Cherie Marriott
An agreement with the Tokyo Stock Exchange promises standardization and consolidation of trading infrastructure.

Messaging network SWIFT has signed a memorandum of understanding with the Tokyo Stock Exchange (TSE) to explore using standard ISO15022 messages for corporate action distribution. The deal was signed last week during a visit to the region by Francis Remacle, a member of SWIFT's executive committee in charge of securities. The agreement is likely to culminate in the TSE joining SWIFT by the end of the year.

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