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Matsui Securities Selects Broadridge’s Post Trade Solution to Drive Stock Lending Efficiency
One of Japan’s top online securities brokers, Matsui Securities selects Broadridge Financial Solutions, Inc.’s (NYSE:BR) cloud based SaaS post-trade processing solution to drive operational efficiency in its stock lending business. System integrator Intelligent Wave will develop the front office component and system integration as well as provide project management and overall consultation to Matsui Securities.
“Hitherto, we 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,” said Shinichi Uzawa, Managing Director, Corporate Division at Matsui Securities. “By adopting Broadridge’s post-trade processing solution with its proven global track record, we expect to reduce our maintenance burden and facilitate a far more stable management with much greater operational efficiency.”
“We are delighted to work with Matsui Securities and Intelligent Wave to meet their clients’ current and future stock lending needs in Japan,” said Ian Strudwick, Managing Director, Head of Asia Pacific at Broadridge. “In today’s competitive online securities brokerage market, margin compression means that our clients are looking at new revenue growth opportunities and operating efficiencies. Our 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.”
Broadridge delivers global simplification, transformation and innovation across the trade lifecycle through scalable solutions. Broadridge’s cloud based post-trade SaaS 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 automatically calculate fees and rebates and manufactured dividends.
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