Nomura Enhances Asia-Pacific Algorithmic Trading Platform

Hong Kong, April 19, 2010 – Nomura, the global investment bank, has announced the addition of several new execution strategies to further enhance clients' equity trading needs in Asia-Pacific markets. The new trading algorithms are available through ModelEx^TM, Nomura's algorithmic trading platform which allows clients to electronically access its suite of automated trading strategies.

Additionally, Nomura has co-located its TactEx strategy for Japan on the Tokyo Stock Exchange (TSE), offering clients ultra-low latency access to this market. Nomura is the first broker to offer ultra-reactive pegging and other order placement features to all its clients, a technology that has been traditionally reserved to high frequency traders.

Robert Laible, head of Nomura Electronic Trading Services and Program Trading Sales, Asia-Pacific, commented, "The new strategies add significant value for those using Nomura's platform and demonstrate our focus on providing innovative and differentiated electronic trading products. We are the first broker to offer co-located trading algorithms on the TSE, highlighting Nomura's commitment to technology excellence in driving value for our clients."

Hongsong Chou, head of Nomura Equity Quantitative Analytics, Asia-Pacific, said, "Integrating trading algorithms and trading analytics at both the product and service level is a clear industry trend, and as a FIXatdl compliant broker, deploying the new strategies onto clients' desktops has become much easier. The availability of ModelEx^TM Monitor also enables all ModelEx^TM strategies to become more transparent to clients."

The new trading algorithms include a new set of tactical strategies, a pair trading algorithm, a dark pool posting strategy, and a portfolio implementation shortfall strategy for all Asia-Pacific markets. These strategies offer pegging, reserve, and discretion order behaviors in response to low latency market data and are effective in a variety of liquidity taking and providing scenarios.

For further reference, provided below is a synopsis of the new products:

The Hide and Pounce strategy is used to buy/sell on the offer/bid side without showing their size. Conversely, the Float strategy avoids the cost of crossing spread and always buys/sells by joining the bid/offer side in clips sized appropriately for the stock's typical depth.
The TacticalExecution (TactEx) strategy placed at the TSE co-location site leverages the ultra-low latency of both market data and executions. Co-location services have been introduced by TSE with the Arrowhead system upgrade in January 2010.
The new Risk Arb Pair strategy has been designed for relative value trading and trading of takeover targets. The strategy will buy and sell one pair of related securities in a coordinated fashion relative to user-specified target relative valuation levels. The strategy supports a variety of execution methods to give traders the flexibility when entering into and exiting from pair positions.
The SmartDark strategy is now available in ModelEx^TM for the Japan market. The strategy slices a large order to smaller pieces and places them one-by-one into NX^TM, Nomura's dark pool crossing engine. Users can specify to float each order at the mid-quote, the bid or the offer in NX^TM.
Portfolio Strike is a basket implementation shortfall strategy designed for trading into Asia-Pacific markets. This strategy optimally balances market impact cost and execution risk in a dynamic way, and can handle portfolios that need to be traded across different markets in Asia at the same time. It is also flexible in setting various constraints, such as maintaining dollar neutrality while trading a portfolio.
ModelEx^TM Monitor is a real-time algorithmic trading monitoring tool with in-depth analysis on execution performance at the child order level. The trading analytics tool provides not only transparency into the inner working of ModelEx^TM strategies, but also rich analytical features for real-time and post-trade execution performance analysis and control.

Ends

For further information please contact:


Name	Company	Telephone

Vanessa Wall	Nomura	(852) 2536 1022
Anne Lui	Nomura	(852) 2252 6451

Nomura

Nomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in over 30 countries. Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs over 26,000 staff worldwide. Nomura's unique understanding of Asia enables the company to make a difference for clients through three business divisions: retail, wholesale (global markets, investment banking,and other wholesale), and asset management. For further information about Nomura, please visit www.nomura.com.