SunGard has launched Apex JSFC Trade Manager, a securities finance solution for lenders participating in the Japan Securities Finance Corporations daily auction of securities lending requirements.
JSFC publishes the borrow requirements of market participants each day, but lenders so far have relied on error-prone, manual processes to match opportunities with available securities. The new SunGard solution automates this bid submission process.
Analytical tools help traders determine the best quantity and fee for each stock and make more accurate and timely bids. Users can also take dividends into account and utilize decision support tools to help optimize their P&L in the auction process and facilitate funding/financing trades when they are looking to generate cash through the transaction.
Delivered on an ASP basis, Apex JSFC Trade Manager is easily integrated with any stock borrowing and lending system for straight through processing or run as a standalone solution.
The Japan Securities Finance Corporations daily stock lending process is a time-critical event that involves lending hundreds of stocks, analyzing current positions and assigning fees, says Jane Milner, head of strategy for securities finance and enterprise collateral management for SunGards capital markets business. SunGards Apex JSFC Trade Manager automates this process to help securities lenders capture the maximum revenue from Japanese lending opportunities and save time and costs.
(CG)