Nomura Picks TradingScreen to Roll out ModelEx for European Electronic Trading

TradingScreen to become key distributor for Nomura's global buy-side client base following its 2008 acquisition of Lehman.

Nomura selected TradingScreen, Inc.’s multi-broker, multi-asset class trading system as one of the first third party vendors to offer its European electronic trading suite. According to today’s announcement, TradingScreen is expected to become a core distributor of Nomura’s electronic execution product, which is going to be tailored to the investment bank’s global buy-side client base.

The move is part of a Nomura’s strategy to expand across international markets following its 2008 acquisition of Lehman Brothers’ European, Middle East and Asian equities and investment banking businesses, including the electronic trading technology, capabilities and experience.

TradingScreen will provide access to Nomura’s direct market access (DMA), Smart DMA, algorithmic trading and dark pool services across all European markets as well as a growing network of crossing venues. In addition, TradingScreen’s client base will gain access to Nomura’s pre-trade analytics, which have been integrated into TradingScreen’s proprietary TradeSmart platform.

In a statement, Andrew Bowley, head of electronic trading product management at Nomura, said the bank would deliver its latest algorithmic trading suite, ModelEx, over Trading Screen. “As a key distributor of technology to the buy-side community, TradingScreen has worked closely with us to launch our enhanced services following the integration of the Lehman Brothers’ European and Asian equity businesses,” added Bowley in the release. He indicated that Nomura would continue to partner with TradingScreen as it re-launches “in other regions and in multiple asset classes such as listed derivatives, FX and OTC products including sector swaps.”

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio