Nomura Securities implements GL Trade front office system
First Published Wednesday, 7 March 2007 from Automated Trader : Algorithmic Trading News
French trading systems vendor GL Trade says Japanese broker Nomura Securities has gone live with its front office technology.
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.
- Morgan Stanley launches new portfolio algo: MS PORT
Andrew Silverman, Global Co-Head, Morgan Stanley Electronic Trading: "The addition of MS PORT to our constantly evolving suite of algorithms underscores our commitment to providing our clients with a complete set of trading tools and solutions to manage their global execution needs." Morgan Stanley has announced the launch of MS PORT, a trading algorithm that enables the implementation of multiple portfolio level instructions such as risk neutralization and cash balancing....continued
- LSE sells nine per cent stake in Turquoise
David Lester, CEO, Turquoise: "We are delighted that Barclays, J.P....continued
- Conference Take-Aways: InVantage Group’s HIFREQ TRADE
Bob Giffords Independent Banking & Technology Analyst Is high frequency trading (HFT) just low frequency trading on steroids or something rather different? That was the question posed at InVantage Group’s major new conference in London last week....continued
More Like This...
