Broadridge Financial Solutions, formerly ADP Brokerage Services Group, has announced that Mizuho Securities is now using its product Gloss for non-resident trade clearing and a related module, the JASDEC Adapter, for investment trusts book entry settlement.
Mizuho Securities is already an established user of Gloss which is Broadridges international securities processing platform. Gloss automates the securities trade processing lifecycle from trade capture through to settlement for virtually any security in any currency.
Mizuho are also using Gloss for non-resident trade clearing of Japanese equities and convertible bonds; and are processing matching and settlement for Mizuho Securities entities in Hong Kong, New York and London.