Meiji Yasuda: Enhancing FX operations with FXGO and MARS

Meiji Yasuda

Meiji Yasuda Life Insurance Company’s Fixed Income Investment Department implemented Bloomberg’s FXGO and MARS to address the increase in FX transactions driven by the expansion of foreign currency investments.

By digitizing execution and centralizing risk management, the firm improved operational efficiency and accuracy while reallocating time toward analysis.

FEATURED PRODUCTS

INDUSTRY

Life insurance

LOCATION

Tokyo

GOAL

Digitize FX transactions and centralize position and risk management to reduce operational workload and increase time for analysis and decision-making.

Digitized FX execution workflows, improving efficiency

Centralized position and FX risk management, improving reconciliation accuracy and consistency

Reduced operational workload by approximately 8,000 hours annually, enabling greater focus on analysis

“Digitalization is not an end, but a means. Resources freed through automation should be redirected toward more strategic and creative work.”

Shinji Inoue
General Manager, Fixed Income Investment Department, Meiji Yasuda Life Insurance Company

Situation

Driven by yield differentials and FX market conditions, foreign currency investments expanded, leading to increased FX swaps and options activity. At Meiji Yasuda Life, FX transaction volumes approximately tripled between 2021 and 2023.

As volumes grew, combinations of currencies and tenors diversified, increasing operational complexity.

• Rapid growth in FX trading volumes driven by the expansion of foreign currency investments
• Greater diversity in currency and tenor combinations
• Increased complexity in managing positions, maturities and valuations

Problem

In this context, voice-based and manual workflows became increasingly difficult to scale with growing transaction volumes. Reconciliation and monitoring workloads also increased, creating challenges for overall efficiency and operational continuity.

• Limited scalability of voice-based workflows
• Increased reconciliation workload
• Operational dependency on manual processes

Solution

Meiji Yasuda implemented FXGO and MARS to digitize FX workflows and centralize risk management. The firm streamlined workflows from execution to position management, improving operational efficiency.

• FXGO enabled simultaneous RFQs across counterparties for FX swaps and options, supporting the transition to electronic execution
• MARS integrated trade data to provide centralized visibility into positions, maturities, valuations and FX risk
• Streamlined workflows reduced operational workload by approximately 8,000 hours annually

“In fact, not advancing digitalization may pose a greater risk. I believe industry practices will continue to evolve.”

Shinji Hara
Senior Staff Member, Fixed Income Investment Department, Meiji Yasuda Life Insurance Company

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