DGAP-News: Mizuho International Outsources Its OTC Derivatives Processing Using SS&C's GoTrade+
(firmenpresse) - DGAP-News: SS&C Technologies /
Mizuho International Outsources Its OTC Derivatives Processing Using
SS&C's GoTrade+
26.11.2013 / 15:00
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SS&C Provides Mizuho With Independent and Transparent Middle Office Services
WINDSOR, Conn., 2013-11-26 15:00 CET (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
us.'
'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.'
About Mizuho
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 www.ssctech.com.
Follow SS&C on Twitter, Linkedin and Facebook.
For more information
Patrick Pedonti
Chief Financial Officer
Tel: +1-860-298-4738
E-mail: InvestorRelations(at)sscinc.com
Justine Stone
Investor Relations Coordinator
Tel: +1- 212-367-4705
E-mail: InvestorRelations(at)sscinc.com
Media Contacts
Caroline Beer
Metia (UK)
Tel. +44 (0)20 3100 3796
Email: ss&c(at)metia.com
Kelly Holman
BackBay Communications (US)
Tel: +1 212 520 1385, ext. 4
Email: ss&c(at)metia.com
News Source: NASDAQ OMX
End of Corporate News
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Language: English
Company: SS&C Technologies
United States
ISIN: US9901258254
End of News DGAP News-Service
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241767 26.11.2013
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Datum: 26.11.2013 - 15:00 Uhr
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News-ID 320455
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