TradingScreen, the leading global provider of multi-broker, multi-asset class execution management systems (EMS), has been selected by Nomura, the financial services group and pre-eminent Asia-based investment bank, to support the launch its ModelEx algorithmic trading suite in Asia.
The announcement follows the success of TradingScreen's last month launch of the ModelExTM algorithmic trading suite in Europe and is expected to contribute significantly in strengthen Nomura's electronic trading offering for the region. TradingScreen is among the first third-party vendors to offer Nomura's ModelEx electronic trading suite. The firm will be a core distributor of Nomura's electronic execution product, which is 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.
ModelExTM offering for Asia is composed of both core algorithms and advance customized algorithms that are available to Nomura trading desks and directly to TradingScreen users through their leading multi-asset class execution management system platforms. Nomura has also announced plans to offer through TradingScreen futures and options trading as well as pre and post trading analytics known as TradeSpexTM.
"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", said Michael Chin, President of TradingScreen, Inc. "TradingScreen's long history and leading position in the Asia Pacific region make it the perfect partner to help facilitate Nomura's aggressive growth strategy. We look forward to further collaboration with Nomura across regions and asset classes."
"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. "We are well-p-positioned to offer our long-only clients, hedge funds, pension funds, and other institutional investors value-added and customized trading solutions and execution services." "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"