FIS, a global financial technology company, has introduced its new automated matching and execution platform for securities finance trades in the UK.
The Securities Finance Matching Platform employs smart automated matching technology to provide secure, scalable, and cost-effective straight-through processing of securities finance trades. This cloud-native solution aims to enhance market resilience by offering an improved route to market, mitigating single-point-of-failure risk.
As the securities finance market faces increasing volumes and tightening margins, automation becomes essential for lenders and borrowers aiming to reduce costs and increase efficiency.
FIS’ platform addresses these needs by delivering quick, accurate, and secure matches. It automates the evaluation of various factors involved in securities trading, such as fee or rebate rates, capital requirements, transaction and reporting costs, and counter-party trading patterns.
The platform’s capabilities are designed to help customers achieve greater market depth and liquidity while improving risk management. The solution is part of the FIS Securities Finance and Collateral Management product suite and is attracting interest from financial institutions.
Many UK clients are expected to join in the coming months, with plans to expand into EU and US markets pending additional regulatory approvals.
FIS capital markets head Nasser Khodri 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, minimise risks, and enhance returns.”
