SBI Securities has extended its partnership with Broadridge Financial Solutions by migrating the post-trade operations of its Hong Kong and Singapore businesses to Broadridge’s cloud-based application service provider (ASP) service in Asia. The centralisation of settlement operations will add new services to ensure the automation of confirmation and statement output to SBI Securities’ clients, who range across investment trusts, foreign equities, foreign exchange margin trading, and futures and options. Under the expanded partnership, SBI Securities will also leverage Broadridge’s SWIFT service bureau to automate SWIFT messaging channels, which allows the online securities broker to outsource the entire post-trade processing value chain to Broadridge. The Broadridge platform will ensure simplified compliance with market change on the part of SBI Securities, as well as improved resilience and cost efficiencies. Ichiro Takahashi, head of global operations of SBI Securities, explains: “Broadridge’s global multi-asset capabilities, together with local presence and expertise in the unique and complex requirements of Japan and Asian markets, has been a winning combination for us in support of our business growth plans.” “We are excited to service our clients more effectively by benefiting from the flexibility, scalability and resilience of Broadridge’s latest ASP service,” he continues. Ian Strudwick, managing director, head of Asia Pacific at Broadridge, adds: “Our ASP solution enables SBI Securities to centralise their settlement operations, accelerates their move to the cloud and will ensure they always have access to the latest versions of our world-class technologies and increased automation to better serve their clients in the region.”
