DTCC and Nomura Research Institute Collaborate to Improve Post-trade Automation in Japan

DTCC has announced its collaboration with Nomura Research Institute to provide automated central matching capabilities for cash securities in Japan. The partnership will offer regional firms in Japan the ability to leverage CTM, DTCC’s platform for the central matching of cash securities transactions, directly from NRI’s SmartBridge Advance offering, allowing users to achieve accelerated settlement times and increased efficiency. DTCC’s ALERT database, which currently holds more than 14 million standing settlement and account instructions (SSIs), will offer SSI enrichment which will help increase accuracy and reduce risk. Before the partnership, several broker/dealer firms utilised two separate platforms – DTCC’s CTM and NRI’s SmartBridge – for trade matching with Japanese firms. Following the collaboration, firms will now be able to manage these transactions on one global post-trade platform. Leveraging increased straight through processing and automation in post-trade processes coincides with steps being taken within the industry as firms prepare for the T+1 settlement cycle in the US on 28 May next year.