Matsui Securities adopts Broadridge鈥檚 post-trade solution
11 March 2024 Japan
Image: ipopba/stock.adobe.com
Japanese securities broker Matsui Securities has selected Broadridge鈥檚 cloud-based software-as-a-solution (SaaS) post-trade processing product to drive operational efficiency in the stock lending business.
Intelligent Wave, a system integrator, will develop the front office component and system integration, as well as project management and consulting services to Matsui Securities.
Broadridge鈥檚 solution will allow Matsui Securities to process and settle all stock lending and borrowing transactions, manage the corresponding positions, compute required collateral, as well as calculate fees, rebates and manufactured dividends.
Commenting on the news, Shinichi Uzawa, managing director of the corporate division at Matsui Securities, says: 鈥淲e have operated an internally developed system for stock lending transactions, but as our business has grown it has become bloated, making system maintenance a significant burden.
鈥淏y adopting Broadridge鈥檚 post-trade processing solution, we expect to reduce our maintenance burden and facilitate a far more stable management with much greater operational efficiency.鈥�
Ian Strudwick, managing director and head of Asia Pacific at Broadridge, adds: 鈥淚n today鈥檚 competitive online securities brokerage market, margin compression means that our clients are looking at new revenue growth opportunities and operating efficiencies.
鈥淥ur modular platform allows them to achieve these goals, quickly and with ease, and provides the flexibility for future expansion of their services locally and globally at scale.鈥�
Intelligent Wave, a system integrator, will develop the front office component and system integration, as well as project management and consulting services to Matsui Securities.
Broadridge鈥檚 solution will allow Matsui Securities to process and settle all stock lending and borrowing transactions, manage the corresponding positions, compute required collateral, as well as calculate fees, rebates and manufactured dividends.
Commenting on the news, Shinichi Uzawa, managing director of the corporate division at Matsui Securities, says: 鈥淲e have operated an internally developed system for stock lending transactions, but as our business has grown it has become bloated, making system maintenance a significant burden.
鈥淏y adopting Broadridge鈥檚 post-trade processing solution, we expect to reduce our maintenance burden and facilitate a far more stable management with much greater operational efficiency.鈥�
Ian Strudwick, managing director and head of Asia Pacific at Broadridge, adds: 鈥淚n today鈥檚 competitive online securities brokerage market, margin compression means that our clients are looking at new revenue growth opportunities and operating efficiencies.
鈥淥ur modular platform allows them to achieve these goals, quickly and with ease, and provides the flexibility for future expansion of their services locally and globally at scale.鈥�
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