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SmartBridge

STP network solution for securities trading *

SmartBridge is a solution designed for asset managers, brokerage firms, trust banks, and life insurance companies. This promotes an external straight-through processing (STP) for securities trading, targeting institutional investors and their business partners. Clients can use SmartBridge to electronically exchange messages for securities trading, such as “order execution”, “allocation instruction”, “execution notification” and “investment instruction”. 
*For your business in Japan.

  • Overview
  • Features
  • How it works
  • Functions

Overview

SmartBridgeSmartBridge is a network system that supports STP for securities trading.
The network connects between institutional investors, brokerage firms, and trustee banks, allowing them to exchange messages such as “ordering/execution”, “execution notification” and “investment instruction”.
SmartBridge also has the functions of “data conversion to back-office systems” and “data matching” as well as network connection to SWIFT’s and JASDEC’s settlement matching systems, all of which are necessary to establish a complete STP platform.

Clients

Asset management companies, Broker dealers, Trust banks, Life insurance companies

Features

  1. Promoting external STP
    • Electronic messaging with business partners that helps clients to achieve better work efficiency and less operational risks
    • In addition to the advantage of digitization, SmartBridge offers standard formatting that unifies different message formats of multiple business partners, avoiding redundant work due to such differences
    • Centralized management by message types
    • Message archiving that allows clients to search the past outgoing/incoming messages
    • Matching data of incoming messages and converting the data into back-office systems, ensuring the accuracy of data
  2. Simple and easy to use with visual control
    • Intuitive button-based input interface
    • Easy to check operational errors and progress by monitoring the status
  3. Reducing clients’ burden of system maintenance by taking the ASP-based approach
    • An ASP-based system accessible with office PCs
    • Automatic remote upgrading in case of a system modification, thus reducing clients’ burden of system maintenance
  4. Customizing for various types of workflows
    • Messaging function can be customized by combining necessary functions tailored to clients’ business features
    • Format conversion function is included as standard for transmitting data to subsequent systems

How it works

  • Electronic messaging with business partners that helps clients to achieve better work efficiency and less operational risks
  • Centralized management by message types (ordering, execution, inquiries for basket trading, allocation instruction, execution notification, investment instruction, and mutual fund data)
  • Message archiving with the information of senders/receivers, dates, and message status (new, modified, and cancelled) that allows clients to search the past outgoing/incoming messages
  • Message data can be viewed on the grid screen. SmartBridge also has the functions of copying data to clipboard and saving data as text files (as standard), assisting the use of message data in subsequent operations
  • Output function to print out and store messages
  • Outgoing messages can be confirmed on the grid screen, copy and paste on the clipboard or imported as a file (both as standard functions); automatic import function is optional
  • Matching data of incoming messages, and converting the matched data into back-office system formats
  • A complete STP solution can be realized within the scope of operation processes shown below

Functions

SmartBridge is a shared ‘application service provider (ASP)’ service offered through application servers at NRI’s data centers.

Messages that can be exchanged using SmartBridge

Message types Description
Ordering/execution Messages can be exchanged using FIX protocol.
Allocation instruction/execution notification Messages are exchanged using SmartBridge’s unique protocol.
Investment instruction For domestic securities, messages can be sent to JASDEC’s settlement matching system; and for foreign securities, directly to trustee banks.
Subscription/redemption statement Messages can be directly sent from T-STAR/TX to trustee banks.
SWIFT connection Messages from SWIFT can be received.

Standard functions

  • Electronic messaging
  • Message archiving
  • Data matching
  • Conversion to back-office systems

User-configurable functions

  • Display settings (display/non-display settings of items; sort-order settings)
  • Format settings for importing and saving files
  • Settings for code conversion tables

Contact Us

  • Asset Management Systems Department Ⅰ
  • tel+81-(0)45-613-7095
  • mailsmartbridge@nri.co.jp

*SmartBridge is a registered trademark of Nomura Research Institute, Ltd. in Japan.
*Unauthorized reproduction or copying of any of the contents of this page is prohibited.
*The contents of this page are current as of May 2017. The specifications and prices of products and services are subject to change without notice. Offers and sales of these products and services are subject to cancellation without notice.

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