Mizuho Securities USA Selects Helix Financial Systems for Repo Front Office
New York, NY – 6 July 2011
Helix Financial Systems, L.P. a leading provider of financial software systems, announced today that Mizuho Securities USA (MSUSA) has chosen HelixRepo as its front office trading platform. HelixRepo facilitates the integration of MSUSA’s repo business onto a platform that is designed to efficiently enable traders to manage its repo and financing business.
HelixRepo replaces MSUSA’s prior vendor system, significantly improving productivity by automating several processes, including internal cost of carry and trade entry, eliminating latency, and providing accurate, real-time positions and P&L data.
“We are really pleased to be working with Helix. They clearly understand our business and were partners with us throughout the duration of this complex migration. We are extremely happy with how flawlessly this implementation has gone,” said Mark Cartier, Managing Director, Fixed Income Short Term Products, MSUSA, and Sandy Kapoor, Chief Technology Officer, MSUSA, in a joint statement.
This migration also completes Helix’s bilateral interface to all major back office systems and cements the company’s strength within the fixed income repo trading market.
“We maintained a very close and transparent relationship with Mizuho Securities USA throughout the entire process. This translated into an extremely smooth transition to HelixRepo. We are thrilled to have them as a client and really look forward to a long and successful partnership.” said Todd Berlent, President of Helix Financial Systems.