jasdec-and-omgeo-forge-communication-link

Jasdec and Omgeo forge communication link

The link will improve efficiencies in the Japanese market by streamlining pre-settlement matching.
The Japanese central securities depository Jasdec has forged an alliance with post-trade pre-settlement service provider Omgeo to make it easier for investment managers and trust banks in Japan to match and confirm trades.

Jasdec launched its own pre-settlement matching system PSMS in 2001 covering domestic equity transactions. The deal with Omgeo involves linking JasdecÆs own PSMS with OmgeoÆs Oasys Global system, thereby providing a single point of access for the both domestic and cross-border trades in Japan.

The deal is being announced at Sibos today.

By international standards, trade failure rates in Japan are high, so the availability of a broader pre-settlement matching system will be welcome news to fund managers who trade in the...
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