NRI expands I-STAR solution
24 February 2015 Tokyo
Image: Shutterstock
Nomura Research Institute (NRI) has added new functionalities for managing price in margin and derivatives trading to its I-STAR securities back-office solution.
I-STAR is designed for wholesale brokerage firms, and the new capabilities are designed to help users become fully compliant with new regulations, due to come in to effect on 16 March.
The new solution adds to I-STAR’s offerings for execution and entry to settlement processes, accounting, and regulatory reporting.
It also offers management solutions for multiple asset classes, equities, bonds, investment trusts, derivatives and foreign securities.
Operated from the NRI data centre and offered as a software-as-a-service solution, I-STAR is intended to reduce the initial implementation and operating costs for clients.
NRI has been supporting average price for cash equities since the regulations were first introduced in 2003, with services designed to adapt with the financial regulations in Japan.
Yasuki Okai, senior managing director of the securities solution division of NRI, said: "Supporting ongoing regulatory changes is a priority for our teams, as clients need to be able to quickly address existing and new mandates without interruption to their daily operations."
He added: "Our I-STAR solution is relied upon by many of today's leading financial institutions to support complex back-office operations. This new functionality will strengthen our relationships with clients and ensure that each remain compliant ahead of the 16 March 2015 regulatory change."
I-STAR is designed for wholesale brokerage firms, and the new capabilities are designed to help users become fully compliant with new regulations, due to come in to effect on 16 March.
The new solution adds to I-STAR’s offerings for execution and entry to settlement processes, accounting, and regulatory reporting.
It also offers management solutions for multiple asset classes, equities, bonds, investment trusts, derivatives and foreign securities.
Operated from the NRI data centre and offered as a software-as-a-service solution, I-STAR is intended to reduce the initial implementation and operating costs for clients.
NRI has been supporting average price for cash equities since the regulations were first introduced in 2003, with services designed to adapt with the financial regulations in Japan.
Yasuki Okai, senior managing director of the securities solution division of NRI, said: "Supporting ongoing regulatory changes is a priority for our teams, as clients need to be able to quickly address existing and new mandates without interruption to their daily operations."
He added: "Our I-STAR solution is relied upon by many of today's leading financial institutions to support complex back-office operations. This new functionality will strengthen our relationships with clients and ensure that each remain compliant ahead of the 16 March 2015 regulatory change."
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