Credit Suisse, a global Tier 1 futures commission merchant, selected the FIS Derivatives Utility for its post-trade derivatives clearing operations and technology to help rationalize and automate common, non-differentiating processes to achieve greater efficiency and consistency, mitigate operational risk and reduce total cost of ownership (TCO). A FIS client for more than 20 years, Credit Suisse is able to leverage demonstrated expertise in cleared derivatives across a worldwide footprint of more than 500 dedicated employees across North America, Europe and Asia.
On average, firms are estimated to realized savings or 20% or more when moving to the FIS Derivatives Utility.
Leveraging the FIS Derivatives Utility will allow us to spread the cost of innovation amongst a larger group of firms by creating a standardized solution developed by the industry’s top experts."
Credit Suisse is forging ahead with its long-term partnership with FIS and benefiting from FIS’ continued investment in and expansion of its multi-tenant operating model.