Nomura to provide platform connectivity in Asia
Nomura will provide clients with Direct Market Access and Algorithms to equity markets in Japan, Hong Kong, Singapore and Australia. ModelEx, Nomura's algorithmic trading platform which allows clients to electronically access its suite of automated trading strategies, was launched this week in Asia-Pacific.
The firm expects to launch the platform in India, Taiwan and Korea by April 2009.
According to Nomura, the new electronic trading services team combines the best electronic trading capabilities of the Lehman Brothers with its strong client relationships and dominance in Japan.
The Asian-based investment bank has been active in the Japan ETS market in both DMA and Direct-Strategy-Access, utilising its "Experts" algorithmic platform. The current ETS team, led by Managing Director Rob Laible, has maintained the Nomura platform while at the same time building out the pan-Asian capabilities of ModelEx in order to ensure seamless execution and provide superior analysis and a competitive edge for its clients.
"Nomura is committed to establishing a world-class suite of electronic trading products for its customers globally, and we've been very focused over the last few months on re-establishing a market-leading platform in Asia," said Rob Laible, Head of Nomura Electronic Trading Services in Asia. "We are well-positioned to offer our long-only clients, hedge funds, pension funds, and other institutional investors value-added and customised trading solutions and execution services."