A Japanese regional bank, FFG Asset Management, is moving to “no touch” post-trade processing for equities and fixed income transactions via the services of the Institutional Trade Processing (ITP) suite from the Depository Trust & Clearing Corp. (DTCC). FFG AM, based in Fukuoka, reports that it has selected DTCC’s CTM for the centralized matching of… Read More >>
SBI Securities Expands Agreement with Broadridge
A major Japanese firm, SBI Securities Co., Ltd. will be using post-trade services from Broadridge Financial Solutions when it launches its equities brokerage services to clients in the U.K., through its subsidiary SBI Shinsei International Ltd., officials say. This arrangement will be an expansion of Broadridge’s existing relationship with SBI Securities “to process Japanese equities… Read More >>
Japanese Asset Manager Taps DTCC’s ITP Services
Sumitomo Mitsui Trust Asset Management has become a client of the Institutional Trade Processing (ITP) suite of services from the DTCC to fully automate its post-trade processing and for same day affirmation (SDA) for cross-border transactions within Asia-Pacific, officials say. This move is in line with the industry push to accelerate trade processing as North… Read More >>
Nasdaq Engine Drives Tokyo Commodity Exchange
The Tokyo Commodity Exchange (TOCOM) has launched its new trading system, which is operated by Nasdaq’s Genium INET technology, as well as Nasdaq Pre-Trade Risk and SMARTS Market Surveillance solutions, officials confirm. The new system is now fully integrated with the Osaka Stock Exchange’s derivatives trading system (J-GATE), which also runs on the same Nasdaq… Read More >>
Robo Advisors Take Japan by Storm
Robo advisors are not only taking the Western world by storm but are also infiltrating Asia, most notably in Japan. Although these countries share some of the same demographic and generational themes, a new report by market research firm Celent — “Fintech and Robo Advisors Booming in Japan” — found that cultural variations are shaping… Read More >>
Mizuho and Cognizant Launch ‘Record-Keeping’ Blockchain Project
Cognizant, a Teaneck, N.J.-based provider of information technology, consulting, and business-process outsourcing services, reports a strategic agreement with Mizuho Financial Group, based in Japan, to develop a “blockchain solution for secure record-keeping of documents among Mizuho Financial Group companies around the world.” Under the agreement, Cognizant will “design and develop a blockchain solution for Mizuho’s… Read More >>
