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TradingScreen, Inc., the leading global provider of multi-broker, multi-asset class trading systems, today announced it has been selected by Nomura, the pre-eminent Asia-based investment bank, to support the rollout of ModelEx, its European electronic trading suite.
TradingScreen will be one of the first third-party vendors to offer Nomura’s European electronic trading suite. The firm is expected to be a core distributor of Nomura’s electronic execution product, which will be tailored to their global buy-side client base. Nomura’s strategy to expand across international markets follows its 2008 acquisition of Lehman Brothers’ European, Middle East and Asian equities and investment banking businesses, including the electronic trading technology, capabilities and experience.
"The opportunity for TradingScreen to be so instrumental in the launch and global distribution of Nomura’s newest European electronic trading suite plays to our strength of providing cutting edge trading tools to the buy-side and our mission to simplify global markets," said Michael Chin, President of TradingScreen, Inc. "We look forward to further collaboration with Nomura as the firm expands its market coverage."
TradingScreen will facilitate 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 industry leading pre-trade analytics, which have been fully integrated into TradingScreen’s proprietary TradeSmartTM platform.
"We are pleased to be able to deliver our electronic trading product set, including our latest algorithmic trading suite, ModelEx, over TradingScreen," Andrew Bowley, Head of Electronic Trading Product Management at Nomura commented. "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: "We intend to continue to partner with TradingScreen as we re-launch in other regions and in multiple asset classes such as listed derivatives, FX and OTC products including sector swaps."
