Twist and doubts

The need for foreign exchange market participants to communicate in the same tongue led to the creation of Twist, an industry-standard set of messages. But as Clive Davidson discovers, widespread adoption of the highly praised language has encountered a few teething problems

tom-buschman113-gif
In October, the Treasury Workstation Integration Standards Team (Twist) published a complete set of standard messages for foreign exchange trading and loans and deposits. The messages cover the full trade lifecycle, from trade origination through to settlement and reconciliation, for spot, forwards, swaps and options. The publication represents significant progress for the industry initiative, which has the support of major players from all sectors of the market, but it also marks a watershed

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Chartis RiskTech100® 2024

The latest iteration of the Chartis RiskTech100®, a comprehensive independent study of the world’s major players in risk and compliance technology, is acknowledged as the go-to for clear, accurate analysis of the risk technology marketplace. With its…

T+1: complacency before the storm?

This paper, created by WatersTechnology in association with Gresham Technologies, outlines what the move to T+1 (next-day settlement) of broker/dealer-executed trades in the US and Canadian markets means for buy-side and sell-side firms

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here