Japan's Hachijuni Bank implements SunGard Global Trader
14 December 2001 | 2915 views | 0
Japanese regional Hachijuni Bank has deployed SunGard Trading Systems' Global Trader package across its foreign exchange, money markets, derivatives and fixed income desks.
Global Trader is providing position management for Hachijuni’s treasury centres in Tokyo and Nagano by gathering orders in real-time from the bank’s branch offices. As a result, the bank can now centrally manage its current positions, profit & loss and risk variables, and integrate them with its other systems.
The SunGard solution also affords Hachijuni Bank a centralised view of its consolidated book and limits. Additionally, Global Trader will be used to automate reporting functions previously handled by the bank’s treasury department.
Tadashige Maeyama, director of Hachijuni Bank’s Tokyo branch, comments: "Consolidating transactions from various asset classes has helped us to increase workflow efficiencies and has already significantly decreased our processing costs. We see decreased costs as a key factor for success, giving us a competitive advantage among Japanese regional banks.”
David Crellin, executive vice president of SunGard Trading Systems/Global Markets, says the order represents a major step into the Japanese retail banking sector. "This is the first regional bank that has implemented Global Trader, and it represents a significant endorsement for our Japanese business.”