Matsui Securities adopts Broadridge JASDEC lending tool
Matsui Securities is implementing Broadridge's JASDEC Processing Solution for its securities lending business, extending its use of Broadridge software in post-trade operations.
The Japanese online securities firm said the system will automate parts of its securities lending workflow that currently rely on manual processing. The deployment covers trade matching through the Pre-Settlement Matching System and securities transfers in JASDEC, including Delivery versus Payment settlements.
Broadridge is providing the service through a software-as-a-service model, which Matsui expects will shorten the time needed to lend securities into the market while supporting day-to-day operations.
The implementation comes as market participants in Japan prepare for changes to JASDEC, the country's central securities depository for equities, corporate bonds and investment trust settlements. Broadridge said its JASDEC Processing Solution is designed to help firms meet the standards associated with the JASDEC2025 system changes.
Matsui has already deployed Broadridge's post-trade processing platform, and the latest project adds securities lending to that setup. The combined arrangement is intended to increase straight-through processing across post-trade and settlement activity.
Securities lending is a specialised area of market infrastructure in which firms lend securities to other participants, often to support short selling, settlement obligations or trading strategies. Automating the process can reduce operational bottlenecks by limiting manual checks and hand-offs between systems.
Matsui said the new system will enable trade matching and settlement-related transfers to be handled in real time. The company is also seeking to expand its participation in securities lending markets as it changes its operating model.
Shinichi Uzawa, Director and Senior Managing Executive Officer in charge of the Corporate Division at Matsui Securities, outlined the rationale for the move.
"This integration is crucial for expanding our presence in the securities lending market while leveraging operational efficiencies," said Uzawa. "Our partnership with Broadridge perfectly aligns with our strategic transformation goals, and we are eager to embark on this new chapter."
For Broadridge, the deal adds to its business supplying market infrastructure software to financial institutions in Japan and across the Asia-Pacific region. The Matsui project combines its post-trade processing platform with JASDEC processing functions in a single software environment.
Market changes
Japan's post-trade infrastructure is undergoing an adjustment as firms prepare for updates to depository and settlement systems. Providers of clearing, settlement and matching technology have been working with brokers and banks to update workflows before those changes take effect.
That backdrop has increased focus on systems that can link matching, securities movements and settlement processing without separate manual intervention. For brokers, one aim is to reduce the risk of delays and errors in the operational processes behind client trading activity.
Matsui is an online-focused securities company serving retail investors. Its product range includes Japanese and US equities, foreign exchange, investment trusts, futures and options, as well as tax-advantaged products such as NISA and iDeCo.
Broadridge, which is listed in New York, provides investor communications, governance and capital markets technology to financial institutions. It says its systems support large volumes of trading and communications activity across traditional and tokenised securities markets.
David Runacres, President of APAC and Senior Country Officer for Japan at Broadridge, said the project forms part of Matsui's wider business plan.
"Broadridge is dedicated to supporting Matsui's strategic vision and growth initiatives," said Runacres. "Our SaaS solution, integrated with post-trade processing and JASDECPS, provides an optimal framework for companies to excel in Japan's evolving financial landscape. This partnership milestone enhances automation and agility in a unique market."