MIZUHO USING AI IN THEIR EQUITIES FRANCHISE – This month, Mizuho Financial Group will start artificial-intelligence trading to strengthen their Japanese equity division. Japan’s third largest lender will plan to overcome MiFID II by offering algorithmic-based AI trading services to clients in Japan and elsewhere in Asia. The aim of the product is to foresee how stock prices in Japan change by the hour and find the best time to trade, according to people familiar with the matter. The initial plan for Mizuho will be to cover 500 stocks on Japan’s benchmark Topix Index, increasing to 1,000 which includes firms listed on the Tokyo Stock Exchange. With companies such as Mizuho and Instinet developing sophisticated trading systems ahead of the new regulation, it could probe other firms to develop more advanced execution services. #SpartanInternational