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Technology Firm Broadridge Enters Japan Market
Rachel Walsh
25 March 2009
Broadridge Financial Solutions is to extend its international services to include Japanese equities, convertible bonds and subscription rights processed by on-shore Japanese broker-dealer operations. These services will be supplied in addition to its multi-currency Gloss securities software. Full processing is provided for matching and settlement through
The system is able to generate confirmations and processing reports in both English and Japanese. User screens are also available in both languages. It is fully integrated with Gloss’ global clearance software for equity and fixed-income securities and is already used by a number of customers for the off-shore settlement of Japanese products. The newly integrated Japanese functionality will be available for implementation beginning July 2009. Broadridge plans to follow this initiative with an equivalent project that addresses the Japanese fixed-income requirements for on-shore operations. Headquartered in