Fintech company FIS (NYSE:FIS) today announced that it has expanded its sell-side solutions to new buy-side clients.
As buy-side clients face pressures to find new revenue streams, reduce risk, drive operational efficiency, and deliver new value for their customers, FIS is giving these firms new capabilities via its sell-side solutions.
One way FIS is supporting these clients’ needs is with its Cleared Derivatives (CD) platform, which has historically been used by clearing members. This platform is seeing new adoption by buy-side firms such as hedge funds, asset managers and insurance companies as it enables these firms to access trading venues and clearing houses directly, helping reduce their counterparty risk and freeing up capital.
Similarly, the FIS Cross-Asset Trading and Risk Platform, which traditionally features sell-side capabilities, is now enabling buy-side firms to better achieve asset diversification and scale up new strategies for revenue growth. Buy-side clients are using the platform for its robust features including real-time controls for trading, order management, profit and loss, general ledger and more. The platform is modular and allows for clients to scale the solution as needed to support their growth.
In the third quarter of 2023, FIS signed new client contracts for this platform with several buy-side firms.
“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.”
