The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Swift Replaces SwiftRef Event Data with SmartStream Global Holiday Calendar

Swift has added SmartStream Technologies’ Global Holiday Calendar to its SwiftRef reference data utility, replacing calendar data from Copp Clark and delivering global events data in real time. SwiftRef was introduced a couple of years ago and has since been developed with the addition of more data and more frequent updates.

Patrik Neutjens, head of reference data at Swift, says the Copp Clark data no longer fulfilled Swift’s needs and was not always easy to distribute, leading to a search for a new data provider.

He explains: “We have been commercialising the reference data platform and adding data sources that are needed to provide complete and accurate data. This is increasingly important as institutions rely on reference data for regulatory reporting and payments transaction reporting. Quality of data and accuracy is key when looking at world events and how they impact financial services. Our aim was to find a vendor solution that could provide us with the flexibility and customisation to manage all global events data in real time.”

The SmartStream calendar data provides coverage of trading sessions, exchange holidays, bank holidays, stock exchange settlement holidays and derivatives exchange holidays. Recent data additions include the opening and closing hours of federal banks and clearing houses.

Related content

WEBINAR

Recorded Webinar: The post-Brexit UK sanctions regime – how to stay safe and compliant

When the Brexit transition period came to an end on 31 December 2020, a new sanctions regime was introduced in the UK under legislation set out in the Sanctions and Anti-Money Laundering Act 2018 (aka the Sanctions Act). The regime is fundamentally different to that of the EU, requiring financial institutions to rethink their response...

BLOG

FCA Cracks Down on OMS Reporting Errors: Regulated Firms Pay the Price

By Matt Smith, CEO, SteelEye. Certain Order Management Systems (OMSs) have recently come under scrutiny from the FCA because of quality issues around MiFIR reporting. Firms that heavily rely on their OMS for daily regulatory reporting have been found to consistently over or under report their transactions. The responsibility for accurate reporting rests solely with...

EVENT

RegTech Summit APAC

RegTech Summit APAC will explore the current regulatory environment in Asia Pacific, the impact of COVID on the RegTech industry and the extent to which the pandemic has acted a catalyst for RegTech adoption in financial markets.

GUIDE

RegTech Suppliers Guide 2020/2021

Welcome to the second edition of A-Team Group’s RegTech Suppliers Guide, an essential aid for financial institutions sourcing innovative solutions to improve their regulatory response, and a showcase for encumbent and new RegTech vendors with offerings designed to match market demand. Available free of charge and based on an industry-wide survey, the guide provides a...