Japanese online broker Matsui Securities is adopting Broadridge’s cloud-based software-as-a-service post-trade processing solution, seeking to improve productivity in its stock lending business.
The post-trade 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, says Broadridge in a press release.
Shinichi Uzawa, managing director at Matsui Securities, highlights the need for a stable system due to business growth. He expects to reduce the company’s maintenance burden with Broadridge’s post-trade processing solution and facilitate a stable management with great operational efficiency.
The collaboration involves Intelligent Wave, a system integrator, that will assist in developing the front office component and managing the overall project.