monex-inc-logoOn April 4th, Broadridge Financial Soluions, Inc headquartered in New York disclosed that one of leading online trading brokers in Japan, Monex, Inc. has chosen the company 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.

broadridge-logoBroadridge is the leading provider of investor communications and technology-driven solutions for wealth management, asset management and capital markets firms.

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.

Mr. Oki Matsumoto, CEO at Monex, Inc. said in the press release “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. 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.”

Mr. Yoshiyuki Hoshino, COO at Japan, Broadridge said“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. 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.”

(Source: Broadridge )

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