Mar 7 2007 - French trading systems vendor GL Trade says Japanese broker Nomura Securities has gone live with its front office technology.

Nomura Securities implements GL Trade front office system

The broker is using the GL Trade front office system to trade the Tokyo Stock Exchanges's Japanese Government bond (JGB) futures and options at its proprietary desk.

Kenji Tsuge of Nomura Securities, says the proprietary desk will use the vendor's GL Tactics module - which enables users to instantly send and monitor pre-programmed trading tactics from the front end application - to take advantage of the algo trading and risk functionality in GL Selector, the vendor's pre-trade risk management and position keeping system.

Tsuge says the firm will expand the implementation to deal with agency business and to handle direct market access (DMA) orders sent by clients over the GL Net trading network.

GL Trade says Nomura Securities is its 65th client in Japan.