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NRI upgrades SmartBridge solution to connect to JASDEC

First Published 12th July 2016

Nomura Research Institute's SmartBridge upgrade to enable integration of ISO 20022 messaging standards.

Tokyo - Nomura Research Institute, the provider of consulting services and system solutions, has announced it is upgrading its SmartBridge solution to connect to Japan's Securities Depository Center (JASDEC) new settlement system. SmartBridge enables external straight-through processing (STP) for securities trading by allowing clients to electronically exchange messages related to all trading activity.

The SmartBridge upgrade is in response to the implementation of JASDEC's new system which requires the integration of ISO 20022 messaging standards. Currently, SmartBridge connects JASDEC's existing system to asset managers through T-STAR, NRI's infrastructure service for asset management firms.

The SmartBridge upgrade leverages NRI's pre-settlement matching system, I-STAR/MX which has already been adjusted to suit JASDEC's new system. Upon the completion of upgrade, users can also execute real-time processing with the pre-settlement matching system as well as with book-entry transfer systems for investment trusts.