Fidelity National (FIS) Launches Clearing Infrastructure for a Market Wall Street Hasn’t Caught Up To Yet
Fidelity National Information Services, Inc. (NYSE:FIS) launched FIS CD Prediction Clearing, a post-trade clearing solution for regulated prediction markets, on March 24. The new platform is designed to handle high-volume, around-the-clock trading and is integrated into the company's Cleared Derivatives suite.
Fidelity National Information Services, Inc. (NYSE:FIS) launched FIS CD Prediction Clearing on March 24, a new post-trade clearing solution for regulated prediction markets. The product addresses a critical gap in market infrastructure, as existing legacy systems are inadequate for the speed and volume of prediction market trading. FIS CD Prediction Clearing is built on the FIS CD Books and Records Manager platform and is fully integrated into the company's Cleared Derivatives suite. The cloud-native architecture supports middle and back-office functions, scales with transaction volume, and reduces infrastructure costs. Primary users are futures commission merchants (FCMs) handling customer trading in derivatives markets. The solution enables FCMs to handle millions of transactions daily with real-time risk updates, leveraging over three decades of cleared derivatives expertise.
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