The TRADE sits down with Mack Gill, head of securities processing at FIS, to discuss all things post-trade, delving into the shifting regulatory landscape, the industry’s long-awaited modernisation push, and why 2025 might just be the most interesting year yet for the back-office.
According to Acuiti and FIS’ recent study, the upcoming SEC’s US Treasury clearing mandate is a key driver behind a growing industry interest in self-clearing.
Solutions historically used by the sell-side are now available to buy-side firms looking to remain competitive and to scale.
FIS originally acquired the business in 2015 through its acquisition of SunGard.
The market has seen numerous major participants and exchange operators commit to their cloud migration in the last few months and these participants predict this trend will continue into next year.
All post-trade derivatives operations at BNP Paribas including reconciliation and post-trade processing will be managed by FIS under 10-year agreement.
Acuti report has found that cost, interoperability and workflow complexities are all encouraging firms to decrease the number of post-trade vendors they use.
FIS survey has shown that more sell-side firms believe mergers are an effective growth strategy than before the COVID-19 pandemic.
ErisX partnership with FIS will allow investors to process crypto futures through existing back-office workflows.
Itiviti completed its merger with Ullink last year and recently undertook a year of integration of both entities.