Credit Suisse Integrates FIS’ Derivatives Utility
- FIS' solution will help Credit Suisse fortify its derivatives clearing operations and technology services.
Credit Suisse has bolstered its derivatives capabilities by integrating the Derivatives Utility from FIS (NYSE: FIS), targeting post-trade futures and cleared over-the-counter (OTC) derivatives, according to a FIS statement.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
FIS is a provider of financial services technology in the derivatives space, having had its solutions assimilated by several leading lenders in the industry. The FIS Derivatives Utility is one of the group’s flagship offerings, designed to cater to capital markets firms internationally. More specifically, the utility grants a host of benefits for market participants and futures commission merchants (FCMs), thereby allowing for greater levels of efficiency across middle- and back-office processing and technology.
The integration by Credit Suisse is important for the lender as it will help provide its clients with derivatives clearing operations and technology services for trade clearing, trade lifecycle management (TLM), margin processing, brokerage, reconciliation, and data management, among other utilities. Additionally, FIS’ Derivatives Utility is already active across more than 100 derivatives markets, owing to its versatility and scale of use.
According to Marianne Brown, Chief Operating Officer, Institutional and Wholesale, FIS, in a recent statement on the
Marianne Brown, COO, FIS
selection: “The evolution of derivatives markets has increased both the demand and the necessity for innovative solutions that transform the business model for derivatives clearing.”
“As the market moves away from bilateral Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term and towards cleared products, Credit Suisse is better positioned to continue to deliver innovative solutions and products to our clients in the most efficient manner possible. Leveraging the FIS Derivatives Utility will allow us to spread the cost of innovation amongst a larger group of firms by creating a standardized solution developed by the industry’s top experts,” added John Dabbs, Global Head of Prime Derivatives Services at Credit Suisse, in an accompanying statement.
Credit Suisse has bolstered its derivatives capabilities by integrating the Derivatives Utility from FIS (NYSE: FIS), targeting post-trade futures and cleared over-the-counter (OTC) derivatives, according to a FIS statement.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
FIS is a provider of financial services technology in the derivatives space, having had its solutions assimilated by several leading lenders in the industry. The FIS Derivatives Utility is one of the group’s flagship offerings, designed to cater to capital markets firms internationally. More specifically, the utility grants a host of benefits for market participants and futures commission merchants (FCMs), thereby allowing for greater levels of efficiency across middle- and back-office processing and technology.
The integration by Credit Suisse is important for the lender as it will help provide its clients with derivatives clearing operations and technology services for trade clearing, trade lifecycle management (TLM), margin processing, brokerage, reconciliation, and data management, among other utilities. Additionally, FIS’ Derivatives Utility is already active across more than 100 derivatives markets, owing to its versatility and scale of use.
According to Marianne Brown, Chief Operating Officer, Institutional and Wholesale, FIS, in a recent statement on the
Marianne Brown, COO, FIS
selection: “The evolution of derivatives markets has increased both the demand and the necessity for innovative solutions that transform the business model for derivatives clearing.”
“As the market moves away from bilateral Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term and towards cleared products, Credit Suisse is better positioned to continue to deliver innovative solutions and products to our clients in the most efficient manner possible. Leveraging the FIS Derivatives Utility will allow us to spread the cost of innovation amongst a larger group of firms by creating a standardized solution developed by the industry’s top experts,” added John Dabbs, Global Head of Prime Derivatives Services at Credit Suisse, in an accompanying statement.