Mizuho Securities USA (MSUSA) has chosen HelixRepo from Helix Financial Systems, L.P. as its front-office trading platform.
HelixRepo facilitates the integration of Mizuhos repo business onto a platform that is designed to efficiently enable traders to manage its repo and financing business.
HelixRepo significantly improves productivity by automating several processes, including internal cost of carry and trade entry, eliminating latency and providing accurate, real-time positions and profit and loss data.
We are really pleased to be working with Helix, Mark Cartier, managing director of fixed income short term products, and Sandy Kapoor, chief technology officer, said in a joint statement. They clearly understand our business and were partners with us throughout the duration of this complex migration. We are extremely happy with how flawlessly this implementation has gone.
This migration also completes Helixs bilateral interface to all major back-office systems and cements the companys strength within the fixed income repo trading market.
We maintained a very close and transparent relationship with Mizuho Securities USA throughout the entire process, Todd Berlent, president of Helix Financial Systems, says. This translated into an extremely smooth transition to HelixRepo. We are thrilled to have them as a client and really look forward to a long and successful partnership.
(CM)