US tech giant FIS completed its acquisition of SunGard in November last year
Credit Suisse is the latest investment
bank to sign up to use the derivatives outsourcing service
launched last year by Sungard and now owned by US tech provider
Fidelity National Information Services (FIS).
Under the terms of the deal the bank will
migrate its post-trade futures and cleared over-the-counter
(OTC) derivatives operations and technology to the utility, now
called the FIS Derivatives Utility.
The deal comes after SunGard last year
launched its clearing utility with Barclays as its anchor
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