To
address the needs of buy-side clients in the financial industry, FIS (NYSE:
FIS), has announced the expansion of its sell-side solutions to cater to new
buy-side clients. Recognizing the challenges faced by buy-side firms in
discovering new revenue streams, mitigating risk, enhancing operational
efficiency, and delivering increased value to their customers, FIS aims to
provide these firms with capabilities through its sell-side solutions.
One
key initiative by FIS involves the Cleared Derivatives (CD) platform,
traditionally utilized by clearing members. This platform is now gaining
traction among buy-side firms, including hedge funds, asset managers, and
insurance companies.
Nasser Khodri, Capital Markets President at FIS, Source: LinkedIn
By leveraging the CD platform, these buy-side entities can
directly access trading venues and clearing houses, thereby reducing
counterparty risk and unlocking capital. This move signifies a significant
shift in the adoption of technology, empowering buy-side clients to navigate
the complex financial landscape more efficiently.
Furthermore,
FIS is extending the capabilities of its Cross-Asset Trading and Risk Platform
to buy-side firms. Traditionally designed for sell-side functionalities, this
platform now equips buy-side clients with tools to achieve asset
diversification and implement new strategies for revenue growth. The platform
offers features such as real-time controls for trading, order management,
profit and loss tracking, general ledger functionalities, and more. Its modular
structure enables clients to scale the solution according to their specific
needs, providing flexibility and adaptability.
Demand
Rises for Comprehensive Financial Solution
In
the third quarter of 2023, FIS
secured new client contracts for the Cross-Asset Trading and Risk Platform,
further highlighting the demand among buy-side firms for comprehensive
solutions that address their evolving requirements. These contracts were signed
with multiple buy-side firms, signifying a growing trend of financial
institutions recognizing the value of FIS’s innovative platforms.
FIS Drives New Value as Sell-Side and Buy-Side Client Needs Converge https://t.co/Y7JfmlS4AW pic.twitter.com/Pe49SW16Zp
— Latest News from Business Wire (@NewsFromBW) January 11, 2024
“We are proud to announce that we have expanded our sell-side solutions
to new buy-side clients, as well as strengthened our relationship with our
existing sell-side clients,” said Nasser Khodri, Capital Markets President
at FIS.
“As one of the largest financial technology companies, we have the
strengths, capabilities, and expertise required to not just provide our
buy-side clients with the sell-side capabilities they’re seeking, but to ensure
they’re acquiring them through modern and cloud-native SaaS solutions for
maximum efficacy. I’m excited to see the opportunities that this industry trend
creates for FIS and our extensive network of buy-side clients.”
To
address the needs of buy-side clients in the financial industry, FIS (NYSE:
FIS), has announced the expansion of its sell-side solutions to cater to new
buy-side clients. Recognizing the challenges faced by buy-side firms in
discovering new revenue streams, mitigating risk, enhancing operational
efficiency, and delivering increased value to their customers, FIS aims to
provide these firms with capabilities through its sell-side solutions.
One
key initiative by FIS involves the Cleared Derivatives (CD) platform,
traditionally utilized by clearing members. This platform is now gaining
traction among buy-side firms, including hedge funds, asset managers, and
insurance companies.
Nasser Khodri, Capital Markets President at FIS, Source: LinkedIn
By leveraging the CD platform, these buy-side entities can
directly access trading venues and clearing houses, thereby reducing
counterparty risk and unlocking capital. This move signifies a significant
shift in the adoption of technology, empowering buy-side clients to navigate
the complex financial landscape more efficiently.
Furthermore,
FIS is extending the capabilities of its Cross-Asset Trading and Risk Platform
to buy-side firms. Traditionally designed for sell-side functionalities, this
platform now equips buy-side clients with tools to achieve asset
diversification and implement new strategies for revenue growth. The platform
offers features such as real-time controls for trading, order management,
profit and loss tracking, general ledger functionalities, and more. Its modular
structure enables clients to scale the solution according to their specific
needs, providing flexibility and adaptability.
Demand
Rises for Comprehensive Financial Solution
In
the third quarter of 2023, FIS
secured new client contracts for the Cross-Asset Trading and Risk Platform,
further highlighting the demand among buy-side firms for comprehensive
solutions that address their evolving requirements. These contracts were signed
with multiple buy-side firms, signifying a growing trend of financial
institutions recognizing the value of FIS’s innovative platforms.
FIS Drives New Value as Sell-Side and Buy-Side Client Needs Converge https://t.co/Y7JfmlS4AW pic.twitter.com/Pe49SW16Zp
— Latest News from Business Wire (@NewsFromBW) January 11, 2024
“We are proud to announce that we have expanded our sell-side solutions
to new buy-side clients, as well as strengthened our relationship with our
existing sell-side clients,” said Nasser Khodri, Capital Markets President
at FIS.
“As one of the largest financial technology companies, we have the
strengths, capabilities, and expertise required to not just provide our
buy-side clients with the sell-side capabilities they’re seeking, but to ensure
they’re acquiring them through modern and cloud-native SaaS solutions for
maximum efficacy. I’m excited to see the opportunities that this industry trend
creates for FIS and our extensive network of buy-side clients.”
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- Source: https://www.financemagnates.com//institutional-forex/fis-announces-sell-side-solutions-to-support-varied-buy-side-requirements/
