With this move by Nomura, Japan's largest securities firm, MetaBit has further increased its Asian equity connectivity services.

"Our algorithmic trading platform has been designed according to meticulous internal design and practice, making us very confident of our new offering," says Joji Watanabe, Managing Director, Electronic Trading Services Dept. at Nomura Securities. "Providing access to our algorithmic strategy engine through MetaBit is an excellent opportunity to offer Nomura's electronic trading services to a wide range of institutional investors."

"Nomura has been very complimentary on how MetaBit has integrated their new algorithmic strategy engine into their XiliX trading tool. XiliX is a very intuitive tool, and trading into Nomura's algos had to follow this concept," says Hideyuki Ueno, Head of Sales, MetaBit. "The new service will be of value for both, our non-Japanese buy sides as well as our domestic clients which are increasingly showing interest in algorithmic trading strategies."