To address the needs of buy-side clients in the financial industry, FIS (NYSE: FIS), has announced the expansion of its sell-side solutions to cater to new buy-side clients. Recognizing the challenges faced by buy-side firms in discovering new revenue streams, mitigating risk, enhancing operational efficiency, and delivering increased value to their customers, FIS aims to provide these firms with capabilities through its sell-side solutions.

FIS Catalyzes Technological Shift: Enabling Buy-Side Firms to Navigate Complexity

One key initiative by FIS involves the Cleared Derivatives (CD) platform, traditionally utilized by clearing members. This platform is now gaining traction among buy-side firms, including hedge funds, asset managers, and insurance companies.

By leveraging the CD platform, these buy-side entities can directly access trading venues and clearing houses, thereby reducing counterparty risk and unlocking capital. This move signifies a shift in the adoption of technology, empowering buy-side clients to navigate the complex financial landscape more efficiently.

Furthermore, FIS is extending the capabilities of its Cross-Asset Trading and Risk Platform to buy-side firms. Traditionally designed for sell-side functionalities, this platform now equips buy-side clients with tools to achieve asset diversification and implement new strategies for revenue growth.

The platform offers features, such as real-time controls for trading, order management, profit and loss tracking, general ledger functionalities, and more. Its modular structure enables clients to scale the solution according to their specific needs, providing flexibility and adaptability.

Demand Rises for Comprehensive Financial Solution

In the third quarter of 2023, FIS secured new client contracts for the Cross-Asset Trading and Risk Platform, further highlighting the demand among buy-side firms for comprehensive solutions that address their evolving requirements. These contracts were signed with multiple buy-side firms, signifying a growing trend of financial institutions recognizing the value of FIS's innovative platforms.

"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, the 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."