FIS launches secondary loan trading platform to automate trade lifecycle

FIS (NYSE: FIS) has launched Trade & Distribution Manager, a platform designed to automate the full secondary loan trade lifecycle, according to a company press release.

The platform covers trade capture, settlement, participant allocation, and position reconciliation. It integrates with FIS Commercial Loan Servicing and connects with FIS SyndTrak™ and FIS LendAmend™ for real-time pricing and electronic trade execution.

FIS claims the product is the first dedicated secondary loan trading platform to automate the full trade lifecycle, addressing what the company describes as a market that has relied on manual processes and systems built for other asset classes.

"Commercial loan trading has operated on workarounds for too long," said Steve Sabin, Head of Lending at FIS. "Banks that want to scale in the secondary market shouldn't have to bridge their trading desks and servicing teams through manual processes."

The new product joins the FIS Commercial Lending Suite™, which now comprises six integrated solutions: FIS Commercial Loan Origination, FIS Credit Assessment, FIS Commercial Loan Servicing, FIS SyndTrak™, FIS LendAmend™, and FIS Trade & Distribution Manager. The suite is intended to cover the full commercial loan lifecycle within a single platform.

FIS is headquartered in Jacksonville, Florida, and is a member of the Fortune 500 and the S&P 500 index.

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