SS&C Provides Mizuho With Independent and Transparent Middle Office Services
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."
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