Nomura launches low-latency NXT product suite in the US

Source: Nomura

Nomura, the global investment bank, announces the launch of its NXT product suite in the US. The firm is now live with clients on its high volume, ultra-low latency, direct market access platform (NXT Direct), exchange co-location (NXT Host), market data (NXT Data) and network connectivity (NXT Ring) services in Asia, Europe and the US.

Ciaran O'Kelly, Nomura's Head of Equities Americas, said, "NXT reflects Nomura's successful investment in creating a state-of-the-art global execution platform for its clients. It is yet another testament to the rapid progress Nomura has made in introducing new products to its clients. The recent launch of NXT, Cash Equities and Equity Research in the Americas fills out a comprehensive product suite that also includes Programs, Electronic, Convertibles, Derivatives, Futures and Prime Services."

The NXT product suite is a critical component of Nomura's electronic and prime services offerings and is fully integrated with its securities lending, clearing and financing capabilities. NXT Direct employs pre-trade compliance and risk check methodology that offers an alternative to unfiltered market access.

Emad Morrar, Nomura's Global Head of Product Strategy and Principal Investments described the NXT platform as truly innovative: "The results are impressive - the wire-to-wire latency of our patent pending direct market access platform leads the industry at below 3 microseconds. We have been developing NXT since late last year and are very pleased to see the efforts of our product, technology and infrastructure teams bear fruit. We are excited that clients of our broader equity franchise will also benefit from this platform as we leverage it for our algorithms and smart order routers globally."

NXT is the latest product enhancement in Nomura's build-out of its US electronic and prime services platforms. Nomura offers a full suite of global electronic products including its ModelEx algorithmic trading suite, NX dark pool and TradeSpexTM analytics platform. Nomura Prime Services is a fully-integrated platform offering global securities lending, innovative financing solutions, multi-asset class execution and industry expertise to clients worldwide.

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