Mizuho International Outsources Its OTC Derivatives Processing Using SS&C's
SS&C Provides Mizuho With Independent and Transparent Middle Office Services
WINDSOR, Conn., Nov. 26, 2013 (GLOBE NEWSWIRE) -- SS&C Technologies
(Nasdaq:SSNC), a global provider of financial services software and
software-enabled services, today announced that Mizuho International has
appointed SS&C as an independent provider of middle office services for its
OTC derivative transactions.
SS&C's middle and back office solution, GoTrade+, is a flexible service for
complex investment portfolios and provides complete real time portfolio
transparency, including independent valuations, active collateral management,
daily profit and loss, timely cash movements and bespoke reporting. Mizuho
will leverage GoTrade+ to manage its OTC derivatives life cycle management
processes and meet the reporting needs of the new regulatory requirements.
"We wanted a customized solution for our particular needs and SS&C offers us a
fresh approach to middle and back office activities," said John Sweeney,
Managing Director of Operations at Mizuho International. "The experience,
expertise and accessibility of their service team paired with the flexibility
of their technology ensures we will have minimal internal adaptions to take
advantage of it. We are excited about the opportunities SS&C services offer
"We are looking forward to providing Mizuho with a new offering in their
business and are proud to have been chosen as a partner," said David Reid,
Senior Vice President and Managing Director, International, SS&C Technologies.
"Brokers, banks, and asset managers face significant challenges keeping up
with the ever changing regulatory environment. SS&C's EMIR expertise and
robust reporting technology helps Mizuho streamline these requirements."
Mizuho International plc is the London-based securities and investment banking
arm of Mizuho Securities Co., Ltd., part of the Mizuho Financial Group Inc.
and is a wholly owned subsidiary of Mizuho Securities UK Holdings Ltd. It is
authorised by the Prudential Regulation Authority and regulated by the
Financial Conduct Authority and the Prudential Regulation Authority and is a
member of the London Stock Exchange and LCH.Clearnet.
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled
services and software focused exclusively on the global financial services
industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut
and offices around the world. Some 5,500 financial services organizations,
from the world's largest institutions to local firms, manage and account for
their investments using SS&C's products and services. These clients in the
aggregate manage over $26 trillion in assets.
Additional information about SS&C (Nasdaq:SSNC) is available at
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CONTACT: For more information
Chief Financial Officer
Investor Relations Coordinator
Tel: +1- 212-367-4705
Tel. +44 (0)20 3100 3796
BackBay Communications (US)
Tel: +1 212 520 1385, ext. 4
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