The Evolution
of fis cleared derivatives suite
1986 - 2015
Partnering in the global growth of derivatives clearing
Through acquisition, development and reinvestment, SunGard transforms its Clearvision, GMI and UBIX products from regional provider systems into global clearing and accounting solutions.
Supporting an estimated 90 percent of client clearing business globally, by 2015, SunGard allows firms to support a diverse set of products – including futures, options and cleared OTC – while reaching 90 percent STP rates.
SunGard starts working on a project to replace existing functionalities with a real-time, multi-asset single technology platform that can create new levels of efficiency while leveraging the scalability and resiliency benefits of cloud architecture.
Scoping a single platform
2013
We launch Business Process as a Service (BPaaS), extending our derivatives clearing offerings into the business process outsourcing area.
Two major investment banks sign up for our fully outsourced BPaaS technology and operational derivatives clearing services.
FIS acquires SunGard, creating a broader and deeper range of derivatives clearing services and software.
Taking on a broader challenge
2015-2016
Leveraging next generation technology, architecture and depth of expertise in the cleared derivatives market, we begin to upgrade all aspects of our middle- and back-office software systems to replace Clearvision, GMI and UBIX.
We further expand functional coverage beyond core middle and back office, beginning work on stand-alone modules for margin calculation, reconciliation, and cash and collateral management – the start of the FIS Cleared Derivatives Suite.
Developing the FIS Cleared Derivatives suite
2016
We bring together the largest cleared derivatives operational organization on the street with the combination of FIS' cleared derivatives technology experts and our BPaaS team. By incorporating operational expertise directly into the system design, we increase efficiency.
We begin implementing the next generation of cleared derivatives technology within our own business, becoming our own beta adopter.
Maximizing Cleared Derivatives Suite with BPaaS
2018
During skyrocketing volumes, Cleared Derivatives Suite is benchmarked at processing up to 10 times average volumes with no down time and at speeds of up 20 times faster than legacy systems, proving the case of the importance of scale and operational efficiency for long term growth.
Testing our resilience
2020
Seven clients are now live on
Cleared Derivatives Suite.
Let’s solve cleared derivatives processing.
With an unmatched history and the largest team of cleared derivatives experts in the business, we continue to drive our clients’ operations forward.
FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Our more than 55,000 people are dedicated to advancing the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a Fortune 500® company and is a member of Standard & Poor’s 500® Index.
©2020 FIS
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