FIS announced it’s been selected by broker-dealer MUFG Securities (Canada) for back office operations by using its post-trade processing platform with real-time execution on trade settlements, confirmations and accounting. With a flexible, cloud-native architecture, MUSC will also be able to scale the platform’s capabilities as needed.
“Broker-dealers are under more pressure than ever when it comes to headwinds like increased regulatory scrutiny, technology costs, disruptive competitors and thinner margins,” said Nasser Khodri, chief commercial officer and president of Capital Markets at FIS, in a statement. “MUFG Securities (Canada), Ltd selecting our post-trade processing solutions is, however, indicative of how we are addressing these issues and improving the workflows that power the world’s money at work. We are focused on our product suite’s expansion into the Canadian market and look forward to other opportunities that will unlock efficiencies across the entire money lifecycle.”