SunGard aids Japanese securities lending automation
17 May 2012 Tokyo
Image: Shutterstock
SunGard has extended its suite of securities finance solutions with the launch of Apex JSFC Trade Manager, which helps to reduce the costs and increase the productivity of lenders participating in the Japan Securities Finance Corporation’s (JSFC) daily auction of securities lending requirements.
Each day the JSFC publishes the borrow requirements of market participants so that holders of stocks can submit their best offers in an effort to capture those lending opportunities. However, many lenders rely on time consuming and error-prone manual processes to match each opportunity with available securities.
Apex JSFC Trade Manager automates the bid submission process, helping lenders save time, increase accuracy and reduce costs. Analytical tools help traders determine the best quantity and fee for each stock and make more accurate and timely bids.
Users can also take dividends into account and use decision support tools to help optimise their P&L in the auction process and facilitate funding/financing trades when they are looking to generate cash through the transaction.
Delivered on an ASP basis, Apex JSFC Trade Manager can be integrated with any stock borrowing and lending system for straight through processing, or it can be run as a standalone solution.
Jane Milner, the head of strategy for securities finance and enterprise collateral management for SunGard’s capital markets business, said: “The Japan Securities Finance Corporation’s daily stock lending process is a time-critical event that involves lending hundreds of stocks, analysing current positions and assigning fees. SunGard’s Apex JSFC Trade Manager automates this process to help securities lenders capture the maximum revenue from Japanese lending opportunities and save time and costs.”
Each day the JSFC publishes the borrow requirements of market participants so that holders of stocks can submit their best offers in an effort to capture those lending opportunities. However, many lenders rely on time consuming and error-prone manual processes to match each opportunity with available securities.
Apex JSFC Trade Manager automates the bid submission process, helping lenders save time, increase accuracy and reduce costs. Analytical tools help traders determine the best quantity and fee for each stock and make more accurate and timely bids.
Users can also take dividends into account and use decision support tools to help optimise their P&L in the auction process and facilitate funding/financing trades when they are looking to generate cash through the transaction.
Delivered on an ASP basis, Apex JSFC Trade Manager can be integrated with any stock borrowing and lending system for straight through processing, or it can be run as a standalone solution.
Jane Milner, the head of strategy for securities finance and enterprise collateral management for SunGard’s capital markets business, said: “The Japan Securities Finance Corporation’s daily stock lending process is a time-critical event that involves lending hundreds of stocks, analysing current positions and assigning fees. SunGard’s Apex JSFC Trade Manager automates this process to help securities lenders capture the maximum revenue from Japanese lending opportunities and save time and costs.”
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