The Depository Trust & Clearing Corporation (DTCC) has deployed its Institutional Trade Processing (ITP) services at Japan’s FFG Asset Management (FFG AM) to automate post-trade processes for both equities and fixed income transactions. By implementing DTCC’s solutions, including CTM, ALERT, and Settlement Instruction Manager, FFG AM aims to streamline domestic and cross-border transaction processes, achieving no-touch trade processing and faster settlements.
This move helps FFG AM reduce reliance on manual workflows, enhancing operational efficiency and aligning with the global financial industry’s shift towards accelerated settlement cycles, including the U.S. transition to T+1. The integration of DTCC’s platforms will enable faster trade confirmation and affirmation while ensuring the accuracy of account data and settlement instructions, supporting a more efficient settlement lifecycle.
Takashi Yoshinaga, Representative Director of FFG Asset Management, commented: “In addition to the global movement around the shortening of settlement cycles, the domestic Tokyo Stock Exchange is planning to extend its trading hours, making it increasingly important to carry out post-trade operations quickly and accurately. We look forward to benefiting from DTCC services’ capabilities to improve efficiency and robustness while leveraging a fully automated post-trade process.”
Val Wotton, Managing Director and General Manager, DTCC Institutional Trade Processing, added: “DTCC’s ITP is uniquely positioned to enable counterparties to reach settlement finality faster while seamlessly connecting the ITP community to thousands of counterparties around the world.”
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