MUFG Securities Canada has chosen FIS’ Post Trade Processing Platform to handle its back-office operations. The Canadian broker-dealer will use the system to manage post-trade workflows such as trade settlement, confirmations, and accounting.
The decision follows growing pressure on broker-dealers to improve efficiency and reduce operational risk, amid increasing regulatory demands and technology costs, states Nasdaq. According to FIS, the platform’s real-time processing and cloud-based infrastructure are designed to help firms respond more quickly to these challenges.
MUFG Securities, which serves institutional clients in the country’s capital markets, is adopting the platform as part of efforts to streamline operations and increase transparency in its post-trade processes. The platform’s API and SaaS-based setup is intended to offer greater flexibility and scalability, enabling firms to adjust system capacity as business needs evolve.
Expansion
FIS, headquartered in Jacksonville, Florida, is looking to expand its post-trade presence in Canada. The company describes the move as part of a broader strategy to support back-office modernisation across capital markets.
