The Energy Division of Marubeni Corporation has become the first SunGard customer in Japan to go live with SunGard’s application service provider (ASP) connectivity services to support its trading and clearing operations on the Tokyo Commodity Exchange (TOCOM). Marubeni has also implemented SunGard’s GL Clearvision, a real-time middle office matching and clearing system for derivatives, on an ASP basis. SunGard’s connectivity services will help Marubeni to access and trade on TOCOM, while GL Clearvision will help it to match orders with executed trades in real-time and send clearing instructions to the central clearing house.
In 2008, TOCOM announced the replacement of its entire exchange system. Marubeni therefore had to adapt its trading and clearing systems to maintain its business with TOCOM. SunGard was able to offer Marubeni a combined ASP offering that would allow it to outsource the complex activities involved in procuring and managing the infrastructure required for market access and clearing. A rapid implementation schedule meant that Marubeni’s users have been able to access cost-effective, managed connectivity and clearing services since May 2009.
Yukihiko Ishida, general manager, energy middle office at Marubeni, said: “SunGard’s ASP solutions have helped Marubeni to adapt quickly to changes in our key markets. Implementing SunGard’s solutions will also allow us to take advantage of its GL Net network, which will help us to extend our trading operations to new international markets in the future.”
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more