Tokyo-based Mizuho Securities (Mizuho) is using Algortihmics' Algo Collateral software to manage its OTC derivatives margining processes.
Implementation of Algo Collateral was completed in just over two months.
Takeo Yazaki, manager at Mizuho Securities, comments: "Algo Collateral is a key tool for us in attracting and creating new business opportunities."
Yazaki says the system was up and running on time and on budget and required minimal consulting.
Mizuho Securities is the first financial institution in Japan to implement the Algo Collateral product.