SunGard secures Nissan Century mandate 09 December 2014Tokyo Reporter: Stephanie Palmer
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SunGard has been mandated by Nissan Century Securities to provide its trading and processing solution as a managed service for its Japanese equities, derivatives and commodities operations.
The SunGard solution is designed to automate processes, thereby reducing costs and increasing accuracy.
Kiyoshi Niki, representative director and president of SunGard Japan KK, said: “Leveraging multiple SunGard solutions in a managed services environment will help Nissan Century to achieve better total cost of ownership with the ease of working with SunGard with the capability to provide a total solution.”
Implementing the SunGard solution is in line with Nissan Century’s growth strategies. It is hoped the system will simplify processes, allowing the company to deal with higher business volumes and provide clients with multi-asset class trading opportunities.
Yoshinobu Nakamura, executive director and head of global sales at Nissan Century Securities, said: “Our ambitious development plan required us to look for a solution that could accept more give-up order flows and reduce manual processing time and errors. Integrating SunGard’s solutions and managed services together will help us automate our trading operations to increase capacity and accept more orders that helps us capture more client business.”
“Furthermore, the ease of working with SunGard will help us lessen the burden for the provision and operations of our trading platform to drive more value from our own resources and lower our total cost of ownership.”
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