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TOKYO, April 4, 2016 – 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 (NYSE: BR), a global Fintech leader with more than $6 billion in revenues, provides the critical infrastructure that powers investing, corporate governance and communications to enable better financial lives. We deliver technology-driven solutions that drive business transformation for banks, broker-dealers, asset and wealth managers and public companies. Broadridge’s infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. Our technology and operations platforms underpin the daily trading of more than U.S. $10 trillion of equities, fixed income and other securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 14,000 associates in 21 countries.
For more information about us, please visit www.broadridge.com.
To contact media relations, please email us at mediarelations@broadridge.com.
