Nomura implements VhaYu for London algorithmic group

Source: VhaYu Technologies Corp.

VhaYu Technologies Corp. announced today that Nomura International plc., part of the Nomura Group (NYSE: NMR; TSE: 8604), has selected VhaYu’s real-time and historical tick-data platform for its state-of-the-art European algorithmic trading infrastructure which will be implemented by Nomura's London Portfolio Trading desk in the first quarter of 2005.

According to Barbara O’Connor, head of global portfolio trading sales at Nomura London, "The decision to adopt VhaYu’s market data system for the development of our algorithmic trading models for the European markets dovetailed neatly with the decision of our colleagues in New York to use VhaYu for the development of Nomura’s algorithmic trading model for the US market. Ultimately, Nomura selected VhaYu’s platform because of its ability to process and analyze enormous volumes of real-time and historical tick data. Using the VhaYu engine allows us to build models that can react quickly and dynamically to market signals, thus allowing us to provide high quality executions for our clients."

"We are very pleased that Nomura International plc has chosen VhaYu’s MDS. This is more evidence that our patent-pending technology provides the speed and ease of use that are required by leading edge, quantitative trading systems," said Jeff Hudson, CEO at VhaYu Technologies. "Nomura is a great customer and an important addition as we continually expand in Europe and the UK."

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