Japanese investment bank Nomura has connected its ModelEx equities electronic trading platform in Asia to TradingScreen, a provider of execution management systems (EMSs) to the buy-side.
The connection will grant users of TradingScreen’s EMSs access to Nomura’s electronic trading products, including the suite of execution algorithms, available on the ModelEx trading platform in Asia. This follows TradingScreen’s connection to ModelEx in Europe in February.
Nomura also plans to offer futures and options trading through TradingScreen, as well as its TradeSpex pre- and post-trade analytics tool.
The ModelEx platforms in Europe and Asia were formed from assets Nomura acquired when it bought the European, Middle Eastern and Asian divisions of Lehman Brothers in September last year.
“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, in a statement. “Trading Screen will be an important partner for us and our clients as we navigate the increasingly complex world of trading pan Asia and the rest of the globe.”
Michael Chin, president of TradingScreen, added, “Off the back of a successful launch last month with Nomura in Europe, TradingScreen continues to work in close partnership as a key distributor of Nomura’s execution services to its global client base.”