By: 18 April 2024

The Japanese firm will use the post-trade solution for its equities brokerage services in the UK

SBI Securities to use Broadridge’s post-trade solution

Global Fintech leader Broadridge Financial Solutions, Inc. has announced that SBI Securities Co., Ltd. has selected Broadridge’s post-trade solution to launch its equities brokerage services to clients in the UK. It’ll do so through its subsidiary SBI Shinsei International Limited.

This is in addition to the existing relationship with Broadridge to process Japanese equities transactions in Hong Kong and Singapore. SBI Shinsei International Limited will also be leveraging Broadridge’s Swift Service Bureau to automate Swift messaging workflows with its custodian.

Ichiro Takahashi, head of global operations at SBI Securities, said: “Broadridge has proven to be the partner of choice for us as we grow our business globally. Building on our existing relationship in Hong Kong and Singapore, Broadridge has demonstrated a deep understanding of our requirements for global expansion. This has allowed us to go to market in the UK quickly and with confidence, while leveraging the benefits of the existing ASP cloud environment.

“Using Broadridge’s global standard for post-trade processing and Swift workflows allows us to provide attractive opportunities to SBI Securities’ clients as we expand around the world.”

Mike Sleightholme, president of Broadridge International, said: “We are very excited to further expand our relationship with SBI Securities for the benefit of their clients in the UK.

“Broadridge is committed to providing a leading suite of innovative and globally scalable solutions to our clients across the trade lifecycle, to help simplify and innovate trading. Our global footprint and track record allows clients such as SBI Securities to streamline their operations across entities, gain cost efficiencies, and grow revenue by rapidly providing differentiated services to their clients.”

The news follows the recent appointments of Frank Troise and Hope Jarkowski.

Images: SBI Securities, Broadridge

Robert Welbourn
Robert Welbourn is an experienced financial writer. He has worked for a number of high street banks and trading platforms. He's also a published author and freelance writer and editor.