FIS launches new Trade Matching Solution in the UK

By Gloria Methri

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 and cost-effective straight-through processing of securities finance trades.

The cloud-native solution seeks to bolster resilience by providing an enhanced route to market that mitigates single-point-of-failure risk.

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.

FIS’ new Securities Finance Matching Platform aims to address these challenges by accurately delivering the most economic match. The solution automates the evaluation of multiple factors involved in securities trading, including fee or rebate rates, capital requirements, transaction and reporting costs, and counter-party trading patterns.

These enhanced capabilities help customers achieve depth and liquidity in the market while mitigating single-point-of-failure risk, which enhances risk management.

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 is swiftly gaining interest among financial institutions, with many UK clients expected to come on board in the coming months. Pending regulatory approvals, non-UK institutions will be able to join the Platform with the planned expansion into EU and U.S. markets.