SunGard launches Japan solution
09 March 2012 Taipei
Image: Shutterstock
SunGard has launched a new product designed specifically to support the daily auction of securities lending in Japan.
In the Japanese markets the Japan Securities Finance Corporation™ (JSFC) conducts a daily auction to facilitate shorts position coverage in their markets. In the morning the JSFC publishes details of borrow requirements, and holders of securities have the opportunity to enter an auction process designed to provide the best price for the JSFC. Whilst this activity represents a lending opportunity, at the same time it provides challenges for the lenders as matching the requirements from JSFC with availability is a time consuming, and often manual, process.
Apex JSFC automates the entire process of submitting bids for the JSFC auction, with a set of analytical tools that help the trader determine the best price of the loan. It also minimises the manual steps of trade entry, reducing the time spent on processing and ensuring a timely and accurate response to JSFC.
Commenting on the response to the launch of the product at the PASLA conference in Taiwan, Jane Milner, head of strategy and business development at SunGard, said: "Any solution designed to increase productivity and at the same time allow you to capture the maximum P&L from a lending opportunity is welcome in today’s tough market conditions."
In the Japanese markets the Japan Securities Finance Corporation™ (JSFC) conducts a daily auction to facilitate shorts position coverage in their markets. In the morning the JSFC publishes details of borrow requirements, and holders of securities have the opportunity to enter an auction process designed to provide the best price for the JSFC. Whilst this activity represents a lending opportunity, at the same time it provides challenges for the lenders as matching the requirements from JSFC with availability is a time consuming, and often manual, process.
Apex JSFC automates the entire process of submitting bids for the JSFC auction, with a set of analytical tools that help the trader determine the best price of the loan. It also minimises the manual steps of trade entry, reducing the time spent on processing and ensuring a timely and accurate response to JSFC.
Commenting on the response to the launch of the product at the PASLA conference in Taiwan, Jane Milner, head of strategy and business development at SunGard, said: "Any solution designed to increase productivity and at the same time allow you to capture the maximum P&L from a lending opportunity is welcome in today’s tough market conditions."
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