Fidelity National Information Services, Inc. (NYSE:FIS) is one of the best falling stocks to invest in now. On March 24, Fidelity National Information Services, Inc. (NYSE:FIS) launched FIS CD Prediction Clearing, a new post-trade clearing solution designed specifically for regulated prediction markets.
Fidelity said the product addresses a critical gap in market infrastructure, which is the speed, volume, and around-the-clock nature of prediction market trading. The existing legacy systems were built for conventional, batch-based processing cycles, which makes them inadequate in the current environment, the company noted.
The company said FIS CD Prediction Clearing is built on the foundation of its existing FIS CD Books and Records Manager platform. It is fully integrated into the company’s broader Cleared Derivatives suite, Fidelity detailed. This means clients do not adopt a standalone tool but rather an upgrade within an ecosystem they already use.
Fidelity stated that the new platform uses a cloud-native architecture that supports both middle and back-office functions. It also scales with transaction volume and reduces infrastructure costs. The company added that the solution’s primary users are futures commission merchants, or FCMs, who are the intermediaries that handle customer trading in derivatives markets.
According to Andrés Choussy, head of the company’s Capital Markets segment, FIS CD Prediction Clearing “gives existing and new FCMs entering these [prediction] markets the technology to handle millions of transactions a day with real-time risk updates.” He added that they are leveraging over three decades of cleared derivatives expertise to bridge the gap between “these fast-moving regulated new markets and the financial infrastructure they require.”
Fidelity National Information Services, Inc. (NYSE:FIS) is a financial technology company. It provides payment processing, banking software, and capital markets solutions to financial institutions, merchants, and businesses worldwide. Its offerings include core banking platforms, digital payment systems, and transaction processing services.
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