More NewsFirst Customer in Japan Live with SunGard’s ASP Connectivity Services

First Customer in Japan Live with SunGard's ASP Connectivity Services

The Energy Division of Marubeni Corporation has become the first SunGard customer in Japan to go live with SunGard’s application service provider (ASP) connectivity services to support its trading and clearing operations on the Tokyo Commodity Exchange (TOCOM). Marubeni has also implemented SunGard’s GL Clearvision, a real-time middle office matching and clearing system for derivatives, on an ASP basis. SunGard’s connectivity services will help Marubeni to access and trade on TOCOM, while GL Clearvision will help it to match orders with executed trades in real-time and send clearing instructions to the central clearing house.

In 2008, TOCOM announced the replacement of its entire exchange system. Marubeni therefore had to adapt its trading and clearing systems to maintain its business with TOCOM. SunGard was able to offer Marubeni a combined ASP offering that would allow it to outsource the complex activities involved in procuring and managing the infrastructure required for market access and clearing. A rapid implementation schedule meant that Marubeni’s users have been able to access cost-effective, managed connectivity and clearing services since May 2009.

Yukihiko Ishida, general manager, energy middle office at Marubeni, said: “SunGard’s ASP solutions have helped Marubeni to adapt quickly to changes in our key markets. Implementing SunGard’s solutions will also allow us to take advantage of its GL Net network, which will help us to extend our trading operations to new international markets in the future.”

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

4w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

6m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha