Mizuho Securities USA Selects Xenomorph's Data Management Platform

Broker-dealer Mizuho Securities USA (MSUSA) has implemented Xenomorph’s TimeScape data and analytics management system to replace its existing market and reference data platform, TAPMaster, which was from Canadian software company TAP Solutions and Mizuho had operated since 2006.
By Jake Safane(2147484770)
Broker-dealer Mizuho Securities USA (MSUSA) has implemented Xenomorph’s TimeScape data and analytics management system to replace its existing market and reference data platform, TAPMaster, which was from Canadian software company TAP Solutions and Mizuho had operated since 2006.

The new platform will acquire, standardize and deploy market and reference data for MSUSA’s required asset classes, including equity, fixed income, indices, mortgage, credit default swaps and ETFs. TimeScape will pull in data from Bloomberg, IDC Financial Insights, S&P, NASDAQ OMX, DTCC and Markit.

MSUSA says it selected the platform for its ability to provide greater data model flexibility, data cost savings, and faster processing times.

“Xenomorph’s TimeScape positions us to not only manage the complexities of today’s data and analytics environment, but also ensures our platform is built to handle the challenges of tomorrow,” says Sandy Kapoor, CTO, MSUSA.

The new platform also provides a Security Master, which imports and stores data from each vendor using SQL Server Integration Packages (SSIS), which then makes it easier to identify the data stored in TimeScape against the actual data in the raw files supplied by the vendors. In addition, MSUSA now has access to a standardized historical, holdings-based copy of all relevant reference data and prices across multiple stage databases, including links for easy comparison and tracing, which can then be deployed to any downstream system.

“Xenomorph was selected to seamlessly replace MSUSA’s legacy system with TimeScape to provide a flexible and robust Security Master with integration with SSIS to reduce processing time of vendor raw files, and to cut data management costs,” says Naj Alavi, managing director, Xenomorph. “TimeScape provides MSUSA with enhanced control of its data on a centralized platform and the means to easily visualize and extract business-critical data and also a platform that will accommodate changes with ease.”

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