GL Trade has announced that Nomura Securities, a leading financial institution in Japan, has gone live with its front office system to trade TSE’s JGB futures and options for its proprietary desk.
Nomura Securities said that it plans to expand the GL Trade system to handle agency business, collecting DMA orders from GLNet to service its domestic and international clients.
We’ve chosen GL Trade because of the full feature of trading solutions offered, commented Kenji Tsuge of Nomura Securities. For example, the proprietary desk will utilize GL Tactics to take advantage of the algo trading functionality and the risk management offered by the GL Selector was very important as well.
This deal represents the 65th client to sign up for GL Trade’s system in Japan.