FIS launches new trade matching platform
17 July 2024 UK
Image: Md_Abidur_Rahman/stock.adobe.com
FIS has launched a new automated matching and execution platform for securities finance trades in the UK.
The Securities Finance Matching Platform uses automated matching technology to facilitate secure, scalable, and cost-effective straight-through processing of securities finance trades.
The cloud-native solution aims to increase resilience and identify the best-match scenario by the evaluation of multiple factors, including fee or rebate rate, capital requirements, transaction and reporting costs, as well as counterparty trading patterns.
According to FIS, these capabilities will allow customers to achieve the “greatest possible depth” and liquidity in the market, while enhancing risk management by mitigating single-point-of-failure risk.
Nasser Khodri, head of capital markets at FIS, says: “In an industry where margins are tightening and market volumes are increasing, efficiency and automation have become paramount.”
Khodri believes that lenders and borrowers have been searching for a service provider that can offer automated matching services, reducing manual intervention for the most economical outcome.
He adds: “FIS’ new solution, coupled with our scale and industry expertise, will be transformative in securities lending, and by unlocking financial technology to the world we will be helping these financial institutions to reduce costs, minimise risks, and enhance returns.”
The newest component of the FIS Securities Finance and Collateral Management product suite will also be available to non-UK institutions, but the expansion into EU and US markets still awaits regulatory approvals.
The Securities Finance Matching Platform uses automated matching technology to facilitate secure, scalable, and cost-effective straight-through processing of securities finance trades.
The cloud-native solution aims to increase resilience and identify the best-match scenario by the evaluation of multiple factors, including fee or rebate rate, capital requirements, transaction and reporting costs, as well as counterparty trading patterns.
According to FIS, these capabilities will allow customers to achieve the “greatest possible depth” and liquidity in the market, while enhancing risk management by mitigating single-point-of-failure risk.
Nasser Khodri, head of capital markets at FIS, says: “In an industry where margins are tightening and market volumes are increasing, efficiency and automation have become paramount.”
Khodri believes that lenders and borrowers have been searching for a service provider that can offer automated matching services, reducing manual intervention for the most economical outcome.
He adds: “FIS’ new solution, coupled with our scale and industry expertise, will be transformative in securities lending, and by unlocking financial technology to the world we will be helping these financial institutions to reduce costs, minimise risks, and enhance returns.”
The newest component of the FIS Securities Finance and Collateral Management product suite will also be available to non-UK institutions, but the expansion into EU and US markets still awaits regulatory approvals.
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