Tokyo
06 April 2016
Reporter: Stephanie Palmer
Broadridge wins Japanese equities mandate
Japanese online trading broker Monex has selected Broadridge Financial Solution to support its Japanese equity and investment trust processing business.

Broadridge’s Japan Securities Depository Center (JASDEC) processing solution is intended to improve retail trading and client services, in order to support Monex’s strategies for future growth. It also offers scalability to grow in to additional business lines and product areas.

According to Murex, the appointment was partly based on Broadridge’s experience working with securities firms, and its track record in post-trade processing in Japan, as well as in other Asian markets.

Oki Matsumoto, CEO of Monex, said: “Broadridge’s JASDEC processing solution will enable us to further improve our retail trading service and to provide us with a real-time processing capability for upcoming market changes focused on shortening settlement cycles.”

Yoshiyuki Hoshino, COO of Broadridge in Japan, commented: “Demand for processing standardisation is on the rise with Japanese brokers consistently investing in technology in preparation for significant market changes, such as Japanese Government Bond T+1 and Japanese equity T+2.”

He added: “We are thrilled to welcome Monex to our continually growing Japan client base, enabling its business expansion and ensuring a solid footing for their technology reengineering programme through high levels of straight-through processing, continuing investment in technology and commitment to delivering operational efficiency through a world-class standard of service.”

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
BNP Paribas: ESG investment seeing increased interest
25 May 2017 | London | Reporter: Stephanie Palmer
The survey report noted that 77 percent of asset owners already incorporate ESG aspects into their strategies
Nasdaq to support Chilean CSD in post-trade tech
25 May 2017 | Santiago | Reporter: Stephanie Palmer
Based on the Nasdaq Financial Framework the solution will replace Depósito Central de Valores’s existing core system
Funds need to keep an eye on BEPS negotiations
24 May 2017 | London | Reporter: Becky Butcher
Fund participants were encouraged at Guernsey’s Fund Forum to pay close attention to negotiations over base erosion and profit sharing (BEPS) rules
Northern Trust expands UAE operations
24 May 2017 | Abu Dhabi | Reporter: Stephanie Palmer
Northern Trust has opened a new branch office in Abu Dhabi, as part of a continuing focus on business in the UAE
R3 raises record funds for DLT development
24 May 2017 | London | Reporter: Stephanie Palmer
The R3 group has raised $107 million in two tranches of fundraising, securing the largest ever investment in distributed ledger technology to date
Promotions abound at Interstrust in Jersey
24 May 2017 | Jersey | Reporter: Stephanie Palmer
Intertrust in Jersey has made a spate of promotions, including elevating Sherin Sugeeswaran to the role of associate director in the fund services team
RSRCHXchange boosts research offering with data consumption partnership
23 May 2017 | London | Reporter: Stephanie Palmer
Institutional research marketplace RSRCHXchange has partnered with corporate access management solution provider CorpAxe in order to make research consumption data available to the buy side
More news