TradingScreen selected by Nomura to deliver ModelEx
First Published Thursday, 2nd April 2009 from Automated Trader : EMS News
Nomura selects TradingScreen to support launch of ModelEx algorithmic trading suite in Asia
Michael Chin, President, TradingScreen, Inc: "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."
TradingScreen, Inc. has been selected by Nomura, the financial services group and investment bank, to support the launch of its ModelEx™ algorithmic trading suite in Asia.
The announcement follows the launch of TradingScreen's ModelEx™ algorithmic trading suite in Europe last month. 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.
ModelEx™ offering for Asia is composed of core algorithms and advance customized algorithms that are available to Nomura trading desks and directly to TradingScreen users through their 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 TradeSpex™.
"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-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."