NEW YORK -- May 01, 2006 -- Mizuho Securities USA (MSUSA) has selected TAPMaster from Canadian software company TAP Solutions (TAP) to manage its entire historical market and reference data needs. An institutional broker/dealer, Mizuho Securities USA is a wholly-owned subsidiary of Mizuho Financial Group, one of the world’s largest financial institutions.
MSUSA will use the TAPMaster product to acquire, standardize, and deploy market and reference data from a variety of sources including Bloomberg’s Data License, FT Interactive Data’s FTS, Reuters’ DataScope, as well as Reuters Estimates and Fundamentals (formerly Multex) data feeds. MSUSA will use TAPMaster to support its operations, covering equities, fixed income, and futures products.
“We looked carefully at the market and found TAPMaster offers more flexibility, faster time to market, and a much higher return on investment than any other product available,” says Sandy Kapoor, Mizuho’s Director and CTO. “Mizuho Securities USA has some aggressive operational timelines to meet, and we believe TAP is the only product that can help us achieve them, while also providing a strategic platform for growth.”
The deal also includes the purchase of several additional data management modules from TAP, including Editor, Consolidator, and OnDemand API products, as well as plug-and-play connectors to integrate TAPMaster directly to both in-house and external ASP downstream business systems. The first installation will be up and running in weeks, with full end-to-end integration expected within six months, a timeline that matches MSUSA’s aggressive targets for maximizing growth opportunities.
“By selecting TAPMaster, Mizuho has demonstrated tremendous trust in the capabilities of our product,” says Simon Blyth, TAP’s EVP Sales & Alliances. “We at TAP are very excited to be working with such a progressive and dynamic team and look forward to helping Mizuho achieve a very fast return on their investment.”