Mizuho Americas, part of Mizuho Financial Group (New York Stock Exchange:MFG), is making an investment in DirectBooks, a primary markets communications platform, it said Tuesday. Mizuho will join the company's board of directors.
Through optimized communication resulting from structured data agreements, documentation and information exchange, DirectBooks seeks to optimize capital markets.
Mizuho Americas joined the DirectBooks platform as the first non-consortium banking user. Since then, the platform has grown to more than 34 banks and more than 500 institutional investors.
“DirectBooks has quickly paved the way to a more efficient workflow that makes sense for the broader market: issuers, banks and investors,” said Paul Hughes, chief strategy officer at Mizuho Americas. “This investment is fundamental to our global strategy.”
The finanacial terms of the contract were not disclosed.
