Operations Management - Nomura To Enter U.S. Algo Mart

Nomura To Enter U.S. Algo Mart

Japan's Nomura Holdings is gearing up to expand its algorithmic trading platform into the U.S. The firm has so far focused the platform in Europe and Asia. Amit Manwani, managing director, said that the consolidation in the U.S. algorithmic trading marketplace, which has eliminated competitors such as Bear Stearns and Lehman Brothers, has opened up the space for new players.

The algorithms will be available on the firm's ModelEx platform. Manwani said the platform will roll out equity algorithms first, with futures and options to follow. Strategies including volume-weighted-average-price and implementation shortfall for single stocks and portfolios will ...

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Nomura To Enter U.S. Algo Mart

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