Japanese investment bank Nomura has opened a new 75,000 square foot equities trading floor in New York, coinciding with the launch of the firm's US cash equities and US equities research operations.
Nomura now offer full capabilities in US equities from cash to derivatives, encompassing electronic trading, prime brokerage, program trading, and research. The company has established equity sales teams in Japan, Asia, Europe, the Middle East and Africa.
Nomura's clients and traders will execute through the firm's low latency order management system, NXT Direct, which was built by the firm over the past year.
“Nomura's goal in US equities is to create an idea house that is fully customer driven, employing the best talent and proven teams,” said Ciaran O'Kelly, senior managing director and head of equities Americas. “The people and businesses now up and running on this trading floor embody that vision.”
Nomura is expanding its investment banking activities in the US as part of an effort to transform the bank into a fully global operation. The opening of the new office follows the hiring of two co-heads of US cash equities earlier this month, and the appointment of a new head of trading in the Americas in August 2010, as well as ongoing efforts to build up the firm's US programs, electronic, convertibles and derivatives business since 2009.