FIS Modern Banking Platform
Advance your bank with a modern core platform.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
FIS Modern Banking Platform
Advance your bank with a modern core platform.
Data Restore
Protection from disaster.
Code Connect
The power of APIs with the scale of FIS.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
FIS Private Capital Suite
Data Exchange Solutions.
IFRS17
The right strategy for transformation.
Commercial Lending
Speed up the decision process.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
October 26, 2017
Over the last 30 years, sophisticated sell-side technology has moved from a differentiator to a pre-requisite. Now the question is not whether one has robust, efficient systems underpinning the trader workflow but whether the systems are truly enabling sales and traders to beat the stiffest competitors in the market.
In this Q&A, Jonny Moore, head of convertible strategy at FIS, discusses the complexities of today’s convertible trading market and the opportunities created by the latest data and technology developments.
In the FIS™ Readiness Report, we surveyed more than 1,000 senior-level decision makers in financial services (including 420 commercial banks, investment banks and broker-dealers). We discovered that only a minority of sell-side firms are confident their existing technology and operations are in the right shape to support their growth ambitions.
Trading derivatives, such as hybrid instruments or convertibles, on the sell side creates additional levels of complexity. For example, the clients may be balanced convertible specialists or have more of a fixed income approach or more of an equity-based philosophy. They may be hedged or un-hedged with underlying equity. How do you track and maintain all these approaches to the market?
Finally, there are a finite number of trading opportunities in a fast-moving market for sell-side operatives to take advantage of, so both speed and diligence is of essence.
Definitely. Our research revealed that almost two-thirds of sell-side firms place regulatory burden as a significand hindrance to their growth ambitions while a further 30 percent see regulatory risk as the biggest barrier to accelerating innovation.
Yes. For one thing, the data collected for regulation has value. Imagine if you could take the reporting and transparency requirements of regulation and turn it into an innovative business analysis tool.
Data is a common theme to the competitive advantage or readiness of sell-side participants surveyed in our research. We measured respondents against six principles, including data management, and discovered that those who scored in the top 20 percent are also growing twice as fast. Of those Readiness Leaders, more than 25 percent see improved data analysis capabilities as one of the top three benefits their technology investment must deliver. Yet 38 percent of sell-side firms do not have confidence in their ability to extract insights from external and internal data.
Technology is the key. What if a trading solution turned regulatory hindrance into effective business analysis data? What if it had the robustness, security and structure of an enterprise trading system and yet allowed users to interact with that data in spreadsheets via a simple API – utilizing their desktop data? What if terms and conditions and corporate actions were maintained to the highest standard in the market?
If you have high quality data, you can not only produce an accurate assessment of risk but also spot arbitrages in the marketplace. And that will give you an edge over the competition.
The challenge certainly goes beyond data. After all, how many different systems does a trader use in one day? Imagine if you could combine those functions into one platform that offers technological intelligence, trading and market-making functionality and convertible analytics and data, you’d have the tools to help you beat your competitors. And ultimately, that’s what every trading desk wants.
Let's work together to reach your goals. Contact us at the links below and a representative will be in touch.
We are here to help you and your business. Contact us using the button below.
Learn more©2021 FIS. Advancing the way the world pays, banks and invests™