BNP Paribas will use the FIS solution to increase its visibility around initial margin on its cleared derivatives transactions.
Alternative investment managers are having to weigh up the costs of carrying out an overhaul of their internal technology to meet current regulatory and investor demands, or instead to outsource.
DTCC adds FIS Global, SimCorp, Broadridge, Murex and RegTek.Solutions as partners to its Global Trade Repository for SFTR reporting requirements.
Northern Trust and FIS are looking to provide private equity managers with greater transparency around fund operations.
Wedbush Futures follows Barclays and Credit Suisse in outsourcing their post-trade operations to the utility.
Credit Suisse has become the latest bank to outsource its post-trade derivatives operations to a utility operated by FIS.