UBS has paired with Tokyo-based systems provider Nomura Research Institute (NRI) to offer middle- and back-office solutions for Japanese broker-dealers seeking to expand across the Asia-Pacific region.
Post-Trade Plus provides middle- and back-office, clearing, asset servicing and custody capabilities to broker-dealers. It is offered for cash equities and fixed income securities across markets around the globe.
NRI says that leveraging its technology helps broker-dealers expand into the unique framework of the Japanese market and transform fixed maintenance costs into variable expenses.
"UBS is a leading global firm and we are pleased to enter this collaboration to enhance allocation and confirmation, settlement management of Asian equities for Japanese market participants," says Yasuki Okai, financial technology solution division manager at NRI. "Through the use of our services, brokerages are now able to expand market accessibilities, improve post-trade service level with industry leading facilities, while tailoring crucial business processes for Japanese investors and transforming cost structure."
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