Sumitomo Mitsui Trust Asset Management Adopts Bloomberg's Automated Electronic Trading Solution to Significantly Boost Operational Efficiency

Bloomberg announced that Sumitomo Mitsui Trust Asset Management Co., Ltd. (“Sumitomo Mitsui Trust Asset Management”) has adopted Bloomberg Rule Builder (RBLD), a multi-asset, rules-based trade automation tool, to enhance the efficiency and productivity of Sumitomo Mitsui Trust Asset Management's trading services for foreign exchange and fixed income trading.

Sumitomo Mitsui Trust Asset Management is one of the largest asset managers in Japan and Asia, with AUM of JPY 87.0667 trillion (as of March 31, 2022).

Sumitomo Mitsui Trust Asset Management will utilize Rule Builder through Bloomberg's Fixed Income and Derivatives Execution Management System (TSOX) and FXGO, the premier multi-bank FX trading system. By enabling traders to execute orders according to their pre-established rules, the tool facilitates smooth and optimal execution at the trader's desired timing.

“In the world of over-the-counter trading, executing a large number of orders with limited staff takes time,” said Yosuke Hosokawa, Deputy General Manager of the trading department at Sumitomo Mitsui Trust Asset Management. “With the automation of sell-side pricing progressing further ahead, we have been considering the possibility of reducing timing risk by also automating buy-side execution. By using Bloomberg Rule Builder (RBLD), it's become possible to automate the execution of purchases at desired times, resulting in significant cost savings. In addition, the process of setting Rule Builder parameters has made the overall execution process more transparent. The insights gained through this increased transparency are then reflected in these parameters as part of a cycle that enables further improvement of the execution process by a trader. As such, investors will be pleased to know that we are achieving quality performance under optimal execution policies and that there is a rigorous process in place.”

“Bloomberg has helped to accelerate many of our customers' digital transformation and improved the operational efficiency through integration of high value-added data and innovative technology,” said Norman Tweeboom, Japan Regional Head at Bloomberg. “We hope that the favorable cycle generated by the sophisticated execution facilitation process will lead to increased market transparency and continued development of sound investment practices as a result.”

About Sumitomo Mitsui Trust Asset Management
Sumitomo Mitsui Trust Asset Management is one of the largest asset managers in Asia. As a responsible institutional investor, we have the philosophy of “Realizing opportunities today to ensure sustainable prosperity for tomorrow.” We actively engage in ESG (Environment, Social, Governance) activities from global perspective through constructive dialogue with companies and collaboration with international organizations. We will seek to shape an asset management for the new era and foster a truly prosperous and sustainable society for the sake of maximizing our clients' long-term investment returns.

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