Monex Chooses Broadridge SaaS for JASDEC System Migration
Monex, Inc. is migrating its current JASDECPS system to a cloud-based SaaS platform developed by Broadridge Financial Solutions. The transition will go live in May 2026.
Why the Shift?
The move is in response to the upcoming JASDEC2025 market initiative. It mandates system changes by Q1 2026. Monex aims to enhance operational efficiency, reduce costs, and improve system resiliency with Broadridge’s SaaS model.
Cloud-Based Benefits
The SaaS transition offers multiple advantages:
- No hardware procurement or system maintenance costs
- Access to regular upgrades via Broadridge’s SaaS data center
- Streamlined IT processes and improved release management
- Faster response to market dynamics
About JASDEC and JASDECPS
JASDEC is Japan’s Central Securities Depository. It oversees settlements for equities, corporate bonds, and investment trusts. JASDECPS (JASDEC Processing Solutions) is Broadridge’s platform. It enables firms to meet these requirements with end-to-end transaction processing.
Benefits for Traders
This move will offer these benefits:
Fewer Service Disruptions
System upgrades and maintenance will be smoother with Monex using Broadridge’s cloud-based system. It means fewer downtimes during trading hours.
Faster Response to Market Changes
The SaaS platform enables quicker updates and changes in response to market or regulatory developments. Users benefit from timely access to new features or compliance updates.
Increased System Reliability
Cloud infrastructure improves system stability and reduces the risk of technical failures. It helps ensure that trading platforms remain available during high-volume periods.
Improved Focus on Trading Tools
Monex can invest more in developing tools and features after shifting its IT resources away from system maintenance.
About Monex
Monex, Inc. is an online securities brokerage firm. It offers financial products that cater to customers’ needs. Monex is recognized as a leader of advanced financial services driven by AI and FinTech in offering reporting, robo-advisory, and wrap services (discretionary investment services).
About Broadridge
Broadridge Financial Solutions provides technology and communication solutions for the financial services industry. It contributes to investor communication, proxy voting, and post-trade processing. Also, the company supports banks, brokers, and asset managers with tools that power capital markets and wealth management processes.
Summing Up
Monex’s move to Broadridge’s SaaS platform will modernize its trading infrastructure. It strengthens system reliability and ensures readiness for JASDEC2025 compliance.
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