FIS has expanded its sell-side solutions to new buy-side clients that face pressures to find new revenue streams, reduce risk and drive operational efficiency.
The technology firm says it is supporting clients’ needs via its Cleared Derivatives platform, which reports new adoption by buy-side firms such as hedge funds, asset managers and insurance companies.
Cleared Derivatives enables firms to access trading venues and clearing houses directly, helping to reduce counterparty risk and “freeing up capital”, FIS says.
Traditionally featuring sell-side capabilities, FIS’ Cross-Asset Trading and Risk Platform aims to support buy-side firms to better achieve diversification and scale up new strategies for revenue growth.
The platform provides real-time controls for trading, order management and general ledger features.
Commenting on the news, Nasser Khodri, capital markets president at FIS, says: “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.
“We have the strengths, capabilities and expertise required to not just provide our buy-side clients with the sell-side capabilities they are seeking, but to ensure they are acquiring them through modern and cloud-native SaaS solutions for maximum efficiency.”
