FIS Launches New Trade Matching Solution to Revolutionize the UK Securities Finance Market
July 17 2024 - 3:00AM
Business Wire
Key facts
- FIS has launched its new Securities Finance Matching Platform
in the UK for lenders and borrowers.
- The solution will facilitate secure, scalable, and
cost-effective straight-through processing of securities finance
trades.
Global financial technology leader FIS® (NYSE: FIS) has launched
its new automated matching and execution platform for securities
finance trades in the UK.
The Securities Finance Matching Platform uses smart automated
matching technology to facilitate secure, scalable and
cost-effective straight-through processing of securities finance
trades. The innovative cloud-native solution seeks to bolster
resilience by providing a brand-new enhanced route to market that
mitigates single-point-of-failure risk.
Why Securities Finance Matching Platform Matters
With increasing volumes and tightening margins in the securities
finance market, higher levels of automation are crucial for both
lenders and borrowers of all sizes, who are looking to drive down
costs and increase efficiency.
FIS’ new Securities Finance Matching Platform aims to address
these challenges by delivering the most economic match swiftly,
accurately, and securely. The automated solution identifies the
best-match scenario by automating the evaluation of multiple
factors involved in securities trading including fee or rebate
rate, capital requirements, transaction and reporting costs, as
well as counter-party trading patterns.
These enhanced capabilities seek to help customers to achieve
the greatest possible depth and liquidity in the market, all while
enhancing risk management by mitigating single-point-of-failure
risk.
Nasser Khodri, Head of Capital Markets, FIS said: “In an
industry where margins are tightening and market volumes are
increasing, efficiency and automation have become paramount.
Lenders and borrowers have been searching for a service provider
that can offer superior, automated matching services, reducing
manual intervention for the most economical outcome. 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, minimize risks, and enhance
returns.”
The solution, the newest component of the FIS Securities Finance
and Collateral Management product suite, is swiftly gaining
interest among financial institutions, with many UK clients
expected to come on board in the coming months. Non-UK institutions
will be able to join the Platform with the planned expansion into
EU and U.S. markets, pending additional regulatory approvals.
About FIS
FIS is a leading global provider of financial services
technology solutions for financial institutions, businesses and
developers. We improve the digital transformation of our financial
economy, advancing the way the world pays, banks and invests. We
provide the confidence made possible when reliability meets
innovation, helping our clients run, grow and protect their
business. Headquartered in Jacksonville, Florida, FIS is a member
of the Fortune 500® and the Standard & Poor’s 500®. FIS is
incorporated under the laws of the State of Georgia as Fidelity
National Information Services, Inc., and our stock is traded under
the trading symbol "FIS" on the New York Stock Exchange. To learn
more, visit www.fisglobal.com. Follow FIS on Facebook, LinkedIn and
X (@FISGlobal).
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version on businesswire.com: https://www.businesswire.com/news/home/20240717649418/en/
Kim Snider, 904.438.6278 Senior Vice President FIS Global
Marketing and Communications kim.snider@fisglobal.com
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