NRI’s I-STAR/CORE back-office solution to be upgraded
Upgrades set to keep pace with upcoming rules and regulation revision from JPX
Tokyo, December 17, 2019 – Nomura Research Institute, Ltd. (NRI), a leading provider of consulting services and system solutions, today announced that it has begun the next phase of its I-STAR suite upgrades in preparation for an upcoming revision of rules and regulations on the Japan Exchange Group, Inc.’s (JPX) comprehensive exchange.
JPX aims to become a comprehensive exchange that allows for one-stop trading of a wide range of financial and commodity products. To achieve this, necessary development and adjustment of rules and regulations will be implemented. One such change, scheduled for July 2020, includes the transfer of some of products listed on Tokyo Commodity Exchange, Inc. (TOCOM) to the Osaka Exchange, Inc. (OSE) .（*）
The I-STAR/CORE upgrade adds commodity products that are transferred to OSE to the standard futures function of the solution. As a result, I-STAR/CORE users can enter trades such as gold standard futures and receive support for post-trade processing functionality such as position management, margin management and accounting practices. The solution upgrades will also allow for the creation of regulatory reports for external institutions that are compliant with market standards and ongoing mandates.
Revamped and rebranded in January 2018, I-STAR/CORE provides enriched real-time processing, reliability, and expandability. In June 2018, the solution added a new function in response to the OSE’s introduction of Flexible Options, a new listed options trading method. NRI will continue to provide solutions that respond quickly and accurately to various institutional reforms in support of JPX’s development of a comprehensive exchange that aims to enhance the liquidity and competitiveness of the domestic derivatives market, and supports financial institutions' business innovation.
(*)More information about the revision can be found here:
Nomura Research Institute, Ltd.
Securities WS IT Solution Department Ⅰ
Nomura Research Institute America, Inc.
Tel: +1 212-636-0539