Mizuho Bank Selects Bloomberg’s BQuant Enterprise Solution to Enhance and Streamline Its Operations
TOKYO, Jan. 18, 2023 — Bloomberg announced today that Mizuho Bank has selected Bloomberg’s BQuant Enterprise solution to enhance and streamline its asset management operations based on insights derived from quantitative analytics and data science. Mizuho has also adopted TOMS, Bloomberg’s fixed income trade order management system, and its Multi-Asset Risk System (MARS), an integrated risk management system.
Mizuho Bank, as part of Mizuho Financial Group, a leading global financial institution with one of the largest client bases in Japan and one of the country’s top three banking corporations, has become the first bank to adopt BQuant Enterprise’s managed services globally.
Mr. Naoki Kasai, General Manager of Fixed Income & Equity Investment Department at Mizuho Bank, said, “We selected Bloomberg’s solutions in order to enhance efficiency of portfolio management and market analysis. At the same time, the market division, which I belong to, is changing its organizational structure to strengthen our quantitative analysis capability with digital transformation (DX). This also led to the early adoption of BQuant Enterprise’s managed services this time. We hope to accelerate DX and portfolio management sophistication through the use of this service.”
With BQuant Enterprise, Mizuho Bank will be able to incorporate a quant approach in all aspects of its investment processes, thereby bolstering the competitiveness of its services. BQuant Enterprise is a cloud-based end-to-end investment research platform specifically designed for quantitative analysts and data scientists in the financial markets. BQuant Enterprise provides broad access to Bloomberg’s comprehensive range of high quality market-leading financial datasets along with quant tools and solutions in the cloud that significantly reduces financial services firms’ time to market and infrastructure costs for developing new investment strategies.
Mizuho Bank was among the first banks to introduce an ESG analysis application and plans to use Bloomberg’s abovementioned services to improve the predictive management and market forecasting capabilities of its application. The adoption of BQuant Enterprise’s managed services will support these advancements, as well as the rapid implementation of data-driven investment strategies and model validation processes, resulting in improved operational efficiencies and cost optimizations.
“In today’s fast-moving, highly competitive business environment, technical and strategic agility to stay ahead of the game are more important than ever,” said Norman Tweeboom, Japan Regional Head of Bloomberg. “Our BQuant Enterprise managed service solution helps Mizuho Bank to accelerate their data-driven investment operations while allowing the firm to stay focused on expanding their core competencies.”
In addition to BQuant Enterprise, Mizuho Bank will also begin using Bloomberg’s latest application programming interface (API), known as TOMS BQL, to expand and enhance its organization’s internal use of TOMS, Bloomberg’s fixed income trade order management system. It will also adopt Bloomberg’s Multi-Asset Risk System (MARS) in order to bolster its risk management efforts, aiming to increase the efficiency and sophistication of its company-wide portfolio management processes.
Bloomberg’s Multi Asset Risk System (MARS) is a comprehensive suite of risk management solutions. MARS, which is delivered on the Bloomberg Terminal and via APIs, provides risk analytics for cash and derivatives securities, from vanilla to complex and cash structured products. Bloomberg Risk solutions cover all traders and portfolio managers’ front-office needs across market risk, XVA, credit risk, collateral and SIMM among others, which are built on a common pricing library to provide consistency across client workflows.
Bloomberg TOMS provides sell-side firms the ability to efficiently manage inventory, risk, P&L, compliance, and straight-through processing across various asset classes. The suite of solutions also includes market connectivity and trading tools to support a firm’s electronic trading workflows and help firms synchronize their front office risk and trading with middle-office, operations, and enterprise applications in real-time.
About Mizuho Bank
Mizuho Bank is a wholly-owned subsidiary of Mizuho Financial Group, Inc., one of the largest, full-service financial institutions in the world, with approximately 60,000 employees in 35 countries/regions outside of Japan, nearly 150 years of banking experience, and assets of almost USD 2 trillion. Mizuho Bank has one of the largest customer bases in Japan, and a global network of financial and business centers.
Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration.