TOKYO, April 4, 2016 /PRNewswire/ -- Monex, Inc.,
one of Japan's largest online
trading brokers, has chosen Broadridge Financial Solutions, Inc.
(NYSE: BR) to support its Japanese equity and investment trust
processing business. Through Broadridge's JASDEC (Japan Securities
Depository Center, Inc.) Processing Solution, Monex will strengthen
its retail trading and client services in support of its future
growth strategy.
"We are pleased to partner with Broadridge, who has extensive
experience with securities firms and a significant track record in
post-trade processing in Japan as
well as other Asian markets," said Oki
Matsumoto, Chief Executive Officer at Monex, Inc.
"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."
Broadridge provides a complete solutions suite for Japanese
securities as well as investment trusts that clear and settle
through JASDEC, including both JASDEC's Pre-Settlement Matching
System and JASDEC's Book Entry Transfer Systems. The solution
offers brokers in Japan, such as
Monex, state-of-the-art functionality and enhanced scalability to
grow into other business lines and product segments. Broadridge
supports multiple brokers in Japan, including many of the country's
top-tier institutional brokers.
"Demand for processing standardization is on the rise with
Japanese brokers consistently investing in technology in
preparation for significant market changes, such as Japanese
Government Bond (JGB) T+1 and Japanese equity T+2," said
Yoshiyuki Hoshino, COO, Japan, Broadridge. "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."
Broadridge enables clients' post-trade processing in over 70
markets and has demonstrated a long-standing commitment to firms in
Asia Pacific keeping ahead of
rapid market reforms, most recently including connectivity to
Shanghai-Hong Kong Stock Connect, support for ISO20022 messaging
for Japan, and investments to
support forthcoming settlement infrastructure changes in
Singapore also based on
ISO20022.
About Broadridge
Broadridge Financial Solutions, Inc. (NYSE: BR) is the leading
provider of investor communications and technology-driven solutions
for broker-dealers, banks, mutual funds and corporate issuers
globally. Broadridge's investor communications, securities
processing and managed services solutions help clients reduce their
capital investments in operations infrastructure, allowing them to
increase their focus on core business activities. With over 50
years of experience, Broadridge's infrastructure underpins proxy
voting services for over 90% of public companies and mutual funds
in North America, and processes on average $5
trillion in equity and fixed income trades per day. Broadridge
employs approximately 7,400 full-time associates in 14 countries.
For more information about Broadridge, please
visit www.broadridge.com.
Media
Contacts
|
|
Peggy
Wu
|
Kate
McGann
|
Ryan
Communication
|
Broadridge Financial
Solutions
|
Peggy@ryancommunication.com
|
Katherine.mcgann@broadridge.com
|
+65 6876 5785
|
+1 212 981 1395
|
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SOURCE Broadridge Financial Solutions, Inc.