Nissay Asset Management has become the first Japanese asset-management firm to implement Broadridge’s Mortgage-Backed Securities Trade Assignment Portal, a digital tool designed to automate the Assignment of Trade (AOT) process for TBA mortgage-backed securities trading.
The platform replaces email-based workflows with instant document generation, electronic signatures, bulk distribution of AOT letters and real-time tracking, significantly reducing administrative load and improving transparency. Completed documents are stored securely in the cloud.
Shuichi Uchida, head of trading at Nissay Asset Management, said the system enables the firm to “streamline AOT processes” and reallocate time previously spent on routine tasks. With Japan’s asset-management sector under pressure to enhance productivity, Nissay said the portal allows its traders to focus more on market analysis and execution.
Broadridge APAC president David Runacres said the system exemplifies the firm’s commitment to enhancing automation and efficiency across the region. He added that the portal lays the foundation for “future network value,” enabling broader collaboration across market participants.
Nissay chose the solution partly because it preserves core elements of established workflows, allowing the firm to maintain broker relationships while modernising operations. The implementation marks a further step in Japan’s gradual adoption of digital infrastructure in bond and derivatives markets.
Broadridge said the portal will provide long-term operational agility as market participants continue to upgrade legacy processes.
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