Nomura,the financial services group and Asia-based investment bank, plans to distribute ModelEx, its algorithmic trading suite, through TradingScreen, a global provider of multi-broker, multi-asset class execution management systems (EMS), in Asia.

TradingScreen will be a core distributor of Nomura's electronic execution product, which is tailored to its global buy side client base. Nomura's strategy to expand across international markets follows its 2008 acquisition of Lehman Brothers' European, Middle East and Asian equities and investment banking businesses, including the electronic trading technology, capabilities and experience.

The ModelEx offering for Asia is composed of both core algorithms and advance customized algorithms that are available to Nomura trading desks and directly to TradingScreen users through its 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, in a company release.

"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 the release. "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."

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