Nissay Asset Management Pioneers Broadridge Trade Solution in Japan
Broadridge's innovative solution empowers Nissay Asset Management to enhance its operational workflows, lessen administrative burdens, and significantly improve overall efficiency.
Revolutionizing Trade Operations
In an exciting advancement for Japan's financial sector, Nissay Asset Management Corporation has become the first asset management company in the country to implement Broadridge's Mortgage-Backed Securities Trade Assignment Portal. This strategic decision marks a pivotal step toward modernizing its trading operations.
Shuichi Uchida, General Manager and Head of the Trading Department at Nissay, expressed enthusiasm regarding the new system, stating, "As we continue to enhance efficiency and focus on value creation for our investors, Broadridge's Trade Assignment Portal provides us with a simple and effective way to streamline Assignment of Trade (AOT) processes." This automation allows staff to free up their time from tedious administrative tasks, fostering deeper focus on trading activities and analytical strategies.
Benefits of the Trade Assignment Portal
The Trade Assignment Portal automates Nissay Asset Management's AOT processes for To-Be-Announced (TBA) trading of mortgage-backed securities. This user-friendly solution allows the firm to generate and electronically sign contract documents instantly, send AOT letters to multiple recipients simultaneously, and monitor progress in real time.
Moreover, the platform securely stores completed AOTs in the cloud. This process not only diminishes the manual workload but also enhances transparency in the trading operations. David Runacres, President of APAC at Broadridge, stated, "We are proud to support Nissay Asset Management in modernizing their AOT operations. The Trade Assignment Portal exemplifies how Broadridge helps firms achieve greater automation and efficiency throughout Asia. By transitioning from a traditional manual, email-based process to a connected digital workflow, we enable streamlined operations and pave the way for future collaboration among market participants."
Meeting Industry Challenges
Nissay Asset Management opted for Broadridge's solution because it effectively streamlines existing email-based AOT workflows while preserving the firm’s core processes. By building on its established operational expertise and broker relationships, Nissay is well-prepared to meet the increasing demands and pressures faced by Japan's asset management industry. With a heightened need to reduce routine tasks, the firm is eager to allocate more resources towards initiatives that yield significant value for investors.
As a result of implementing the Trade Assignment Portal, AOT processing times have been drastically reduced, which allows the traders at Nissay Asset Management to concentrate on strategic planning and execution. This shift reinforces operational agility and enhances client outcomes, making it beneficial for all stakeholders involved.
About Nissay Asset Management
Nissay Asset Management is a reputable asset management company established in 1995. It integrates the asset management strengths of the Nippon Life Group to provide a diverse range of investment products. With a strong emphasis on fulfilling the needs of pension funds, individual investors, and other clients, the company remains committed to fostering long-term and stable asset building through its well-crafted solutions.
About Broadridge
Broadridge Financial Solutions (NYSE: BR) stands as a leading technology innovator, widely acknowledged for its transformative services in the financial sector. The company supports clients in enhancing their operations, driving innovation, and fostering growth. Broadridge provides robust infrastructure to power key aspects of investing, governance, and communications, ensuring operational resilience and superior performance.
Annually, Broadridge processes and generates over seven billion communications while maintaining daily average trading of over $15 trillion in securities worldwide. Acknowledged as a certified Great Place to Work, Broadridge prides itself on being a part of the S&P 500 Index and employs over 15,000 associates across 21 countries.
Frequently Asked Questions
What is the significance of the Trade Assignment Portal?
The Trade Assignment Portal automates AOT processes, increasing efficiency and reducing workload for Nissay Asset Management.
Who developed the Trade Assignment Portal?
The Trade Assignment Portal was developed by Broadridge Financial Solutions, a leading Fintech company.
Why did Nissay Asset Management adopt this technology?
Nissay Asset Management adopted this technology to enhance operational efficiency and focus on value creation for its investors.
What are the benefits of using cloud storage for AOTs?
Cloud storage improves the security of completed AOTs, reduces manual workloads, and ensures transparency in trading operations.
What future does Broadridge envision for Nissay Asset Management?
Broadridge aims to help Nissay Asset Management achieve even greater automation and transparency in their operations, enhancing overall efficiency.
