Nomura, the global investment bank, highlights the continued expansion of its Equity franchise in the Americas and the maturity of its electronic trading suite NXT, by going live in a new US data center.
Nomura's Electronic Equities business has recently completed the build out of a new co-location site in Secaucus, New Jersey, adding to its existing sites at Carteret, Mahwah and Weehawken.
This further investment in Nomura's technology footprint in the Americas comes as it approaches the one year anniversary of its ultra-low latency market access product NXT Direct. The platform is live with clients on all major stock exchanges across the US, offering risk-filtered direct connectivity in under 1.8 microseconds for fixed-length exchange protocols and 2.8 microseconds for FIX protocols measured wire-to-wire. This extends the global footprint of the NXT Direct platform which is also live in Europe and Asia.
Matthew Weitz, head of Americas Electronic Sales and Sales Trading, said, "we are proud to expand our footprint in the US as this will allow our high frequency clients to further leverage the NXT Direct platform".
"NXT Direct deployed at all the major US venues is a great example of our commitment to develop innovative and pioneering products for our clients" says Sanjoy Choudhury, head of Americas Electronic Product Management. "Our clients are not paid to take technology risk. As the compliance date of the SEC's market access rule nears, our clients can feel confident in the knowledge that NXT Direct is a mature, robust and market-leading platform trading hundreds of millions of shares each day."
The firm recently hosted a unique technology conference in New York for clients revealing test results from various ultra-low latency technologies. The conference ended with a live demonstration of NXT Direct, which employs FPGA technology for its pre-trade compliance and risk checks.
The platform complements an extensive range of electronic trading products and analytical tools and services Nomura offers. These include the ModelExTM algorithmic trading suite, the TradeSpexTM toolkit for portfolio and single stock analytics and NXTM, Nomura's non-displayed global crossing network. By combining its products with value-added execution advisory and Prime Services, Nomura's clients enjoy a truly broad spectrum of offerings in the electronic trading space.