Nomura has enhanced its Asia-Pacific algorithmic trading platform with several new execution strategies and has also co-located its TactEx strategy for Japan on the Tokyo Stock Exchange (TSE).
The new algorithms are available through Nomura’s ModelEx trading platform and offer a new set of tactical strategies, a pair trading algorithm, a dark pool posting strategy and a portfolio implementation shortfall strategy for all Asia-Pacific markets. The strategies offer pegging, reserve and discretion orders.
In a statement, Robert Laible, head of Nomura Electronic Trading Services and Program Trading Sales, Asia-Pacific, said, “The new strategies add significant value for those using Nomura’s platform and demonstrate our focus on providing innovative and differentiated electronic trading products. We are the first broker to offer co-located trading algorithms on the TSE, highlighting Nomura’s commitment to technology excellence in driving value for our clients.”
Added Hongsong Chou, head of Nomura Equity Quantitative Analytics, Asia-Pacific, “Integrating trading algorithms and trading analytics at both the product and service level is a clear industry trend, and as a FIXatdl compliant broker, deploying the new strategies onto clients’ desktops has become much easier. The availability of ModelEx Monitor also enables all ModelEx strategies to become more transparent to clients.”