- Reduce risk and improve agility
- Aging legacy mainframe hardware
- High maintenance and procurement costs
- Inability to be flexible or expand core IT architecture to meet changing business requirements
Established in 1925 as a spinoff from the securities business department of Osaka Nomura Bank, Nomura Securities is now the largest securities firm in Japan and a critical part of the Normura Group.
Nomura Securities has played a key role in advancing the Japanese securities industry and enriching Japanese society. Since its inception, the Nomura Group mission has been to “provide the world’s best products and services,” and Normura Securities uses it as inspiration for meeting its social responsibilities.
Nomura Securities handles public and private sector bonds issued by governments, public organizations, corporations, and other entities in Japan and the rest of the world. Its bond trading computer system, the Bond Contract Processing System, records the content of all transactions undertaken by investors, generates the reports that are sent to investors periodically, and more, and was originally housed on a mainframe. As the end of the maintenance period for the system’s peripheral devices approached, Nomura Securities began to consider other options.
One option was replacing the system’s peripheral devices while maintaining the core mainframe platform. The other option was moving the system to a more economical open system platform and redeveloping the applications that make up the Bond Contract Processing System. The company preferred the open system option, but
it did not want to deal with the expense and trouble of redevelopment. It decided to look for a solution that would allow a move of the mainframe without changing the applications.