Mizuho International, the London-based securities and investment banking arm of the Miuzho Financial Group, has select a new market data management solution from Asset Control.
The firm has adopted the AC Plus platform, which provides the ability to source market data from various suppliers – including internal front office prices – and integrate them into a common data model facilitating simpler selection and improved data quality.
Mizuho International has said it will use the platform to manage complex valuation cases in short time frames, as well as comply with regulatory standards regarding the ownership and management of data.
“A solid market data acquisition and mastering process is essential in satisfying prudent valuation rules from the European Banking Authority and the FCA but also provides us with broader opportunities. We are very pleased with the Asset Control solution and how the team implemented it,” commented Mark Gardner, head of front office IT at Mizuho International.
“There are very strict guidelines regarding the ownership and management of market data which led us to recognise the need for a strong data technology solution. We required a platform that could scale and open up market data to a wide range of use cases.”