Matsui Securities adopts Broadridge’s solution to drive stock lending efficiency

By Gloria Mathias

Matsui Securities Co., Japan’s online securities broker, has selected Broadridge Financial Solutions, Inc.’s 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 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, and automatically calculate fees, rebates, and manufactured dividends.

Broadridge Financial Solutions, a global FinTech provides the critical infrastructure that powers investing, corporate governance, and communications to enable better financial lives. It delivers technology-driven solutions that drive business transformation for banks, broker-dealers, asset and wealth managers, and public companies.

The firm 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.