CASE STUDY
Optimizing investment operations through automated day routing with RBLD
All Nippon Asset Management Co., Ltd., Trading Department
All Nippon Asset Management is an independent manager founded in 2016 to serve Japan’s regional financial institutions. It operates from Chūō-ku, Tokyo and has expanded beyond traditional securities management into ALM, executive advisory, and simulation‑based analysis for regional banks, credit unions, and JA.
Rising trade volumes and growing order complexity prompted a shift to Bloomberg AIM for stability, 24‑hour support, and scalability in 2023, followed by RBLD to automate day routing. Within four months the firm automated roughly 30% of thousands of trades while freeing traders to focus on complex, high‑impact orders.
FEATURED PRODUCTS
INDUSTRY
Investment Management; Investment Advisory & Agency Services
LOCATION
Chūō-ku, Tokyo
GOAL
Build a fast, controlled execution framework that scales with rising volume and asset complexity while preserving trade quality and compliance
Key insights
About 30% of trades executed automatically within four months, cutting time pressure on the desk.
Traders refocused on non‑automatable flow such as MBS, inflation‑linked bonds, and large‑lot ETFs.
Cross‑functional workflow visibility improved and reliance on individual personnel decreased.
Situation
Client needs diversified amid a sustained rise in interest rates. Order volumes climbed and complexity increased with broader asset coverage and new strategies. The trading team needed to scale execution without adding headcount or sacrificing control.
Diversifying client needs and a sustained rise in rates drove a sharp increase in trading volume and order complexity, including greater use of derivatives and new strategies.
Regional banks prioritized core and retail systems, constraining personnel and capital for investment operations while ANAM’s trading team stayed lean.
Problem
Manual workflows risked delays and errors under higher frequency trading. The organization lacked end‑to‑end change governance across departments, raising the stakes for any automation that could bypass manual checks.
Maintaining accurate trade execution with limited staff became urgent as assets and order complexity rose.
Cross‑department change governance was incomplete; without new safeguards, automation could execute erroneous orders that formerly would be caught manually.
Solution
Move orders into AIM, then automate routing with RBLD across EMSX, TSOX, and FXEM. Apply fund‑ and order‑level pre‑trade checks and CMGR guardrails. Start with semi‑automation requiring one‑click confirmations, test both valid and invalid orders, then shift to full automation once rule behavior is validated. Results include faster no‑touch execution where rules fit and a trading desk focused on complex orders and strategy validation.
Move to Bloomberg AIM (2023) for stability and 24‑hour support, then implement RBLD for automated routing across EMSX, TSOX, and FXEM with fund‑ and order‑level pre‑trade checks and CMGR validation.
Roll out in stages from semi‑automation to full automation after rule testing; automate about 30% of thousands of trades in four months, freeing traders to focus on complex, non‑automatable flow and improving cross‑functional workflow sharing.
Tatsuki Nagano
President & CEO, All Nippon Asset Management
Benefits
30% of thousands of trades automated in 4 months
Automation applied across 4 asset classes: equities, futures, FX, and fixed income
Shared workflows across 3 functions: front, middle, and back office
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