Implementation was completed in just over 2 months. During this time and prior to actual production, Mizuho Securities doubled the number of collateral agreements it held. The firm expects the number to grow still in the immediate future. "Algo Collateral is a key tool for us in attracting and creating new business opportunities, " said Takeo Yazaki, Manager at Mizuho Securities. "The system was up and running on time and on budget and required minimal consulting."
"We're pleased to continue our long-term commitment with Mizuho," said Eric Takigawa, Managing Director for Algorithmics in Japan. "We look forward to providing Mizuho the business advantage that Algo Collateral is delivering to more than 50 financial institutions globally."