#Japan #Tokyo #Snowflake #Data Sharing #JPX

Snowflake's Innovative Approach to Securities Operations

In a groundbreaking initiative aimed at enhancing the efficiency and accuracy of back-office tasks in the securities industry, Snowflake is partnering with JPX Research Institute to construct a cross-industry common data platform. The project is part of a broader vision to streamline the handling of critical information related to corporate actions and transaction regulations, with the service expected to roll out in the spring of 2027.

Currently, many back-office departments at securities firms face significant challenges. They gather essential data from various sources, such as PDFs from exchanges and web portals of financial institutions, predominantly including:

• - Information regarding new listings and delistings
• - Daily updates on corporate actions like capital increases and stock splits
• - Regulatory information pertaining to trading limits and designated managed stocks

The manual handling of this data brings about a range of issues, including input fatigue, risks of data entry errors, and complications in training successors due to the personalized nature of the tasks. Recognizing these challenges, JPX Research Institute is working towards consolidating a variety of data held by the Japan Exchange Group into a format that is easy to process automatically.

The institute is actively exploring different data delivery methods, such as API integrations and cloud-based platforms, to ensure seamless data distribution.

At the recent Snowflake World Tour Tokyo, a session spotlighting the financial sector featured a discussion led by Ken Utsunomiya, CIO and CPrO of Mizuho Securities. He suggested that the industry needs to overcome internal silos to effectively utilize data across organizations. This insight sparked collaborative discussions among multiple securities firms, including JPX and Mizuho Securities, towards the creation of a comprehensive data ecosystem.

Utsunomiya emphasized the importance of the vision shared during the Tokyo event, stating, “I am thrilled to see this vision materializing through the efforts of JPX Research Institute. The ecosystem provided by Snowflake will help eliminate not just technical barriers but also organizational boundaries, accelerating true data sharing and innovation.”

Snowflake’s data-sharing capabilities play a crucial role in this initiative, allowing for the safe and straightforward sharing of vital securities transaction information that was previously managed separately by different entities. This innovation is expected to integrate various data points into a unified framework, ultimately achieving the common data infrastructure goal.

In support of this venture, Ryuji Ukita, CEO of Snowflake Japan, expressed his excitement about contributing to this significant evolution in the securities industry, stating, “It is an honor to assist in the development of a platform that will dramatically transform back-office operations within the securities sector. Our unique data-sharing technology removes complex barriers to data interoperability, facilitating seamless and secure data utilization.”

Snowflake aims to position this service as a new industry standard, propelling digital transformation (DX) across the securities sector. The organization pledges to continue its efforts to support operational efficiency across the industry through this pioneering common data infrastructure.

For further details, please refer to the JPX Research Institute’s press releases available in both Japanese and English on their official website.

Explore more about Snowflake and its mission to empower organizations with data and AI by visiting snowflake.com/ja/ or checking their listings on the New York Stock Exchange under the ticker SNOW.