Mizuho Securities has signed a multi-year agreement to use ICI/ADP's hosted bureau service, impact, to manage fixed-income trade processing at its US operations.
Impact is an integrated online securities transaction processing system that handles all aspects of a fixed-income trading operation.
Don Galante, COO, Mizuho Securities USA, says: "Impact's real-time processing capabilities, product breadth, and extensive functionality were key factors in our decision."
ADP says the platform provides trading support for all major fixed-income securities, including foreign debt instruments, mortgage-backed and asset-backed securities. The system includes deal capture and editing facilities, on-line pricing and an integrated collateral management and funding module.