FIS announced the launch of its new Securities Finance Matching Platform in the US following the UK rollout last year. The cloud native platform uses smart automation to identify the lowest-cost match between securities lenders and borrowers quickly and accurately, while prioritizing risk management.
Licensed broker-dealers in the US will be able to leverage FIS’ scalable automated matching technology for more efficient, secure and cost-effective securities financing. As a new offering in the space, America’s capital markets ecosystem can also benefit from more choice and, subsequently, reduced single-point-of-failure risk.
Broker-dealers are facing a significant need for greater efficiency in a market characterized by growing trade volumes and shrinking margins. As a new alternative trading system (ATS), FIS’ Securities Finance Matching Platform The solution identifies the best-match scenario by automating the evaluation of multiple factors involved in securities trading, including fee or rebate rate, capital requirements, transaction and reporting costs, as well as counter-party trading patterns.
“Lenders and borrowers across the US securities finance market are seeking technology that can help them manage their growing volume of trades in the most economical and efficient manner,” said Nasser Khodri, head of Capital Markets at FIS, in a statement. “FIS’ Securities Finance Matching Platform has the potential to revolutionize this space by unlocking cost and operational benefits through smart automation technology. I applaud the team on this milestone and look forward to launching this solution in additional geographies in the future.”