Nomura Completes Instinet Acquisition, Announces New Board of Directors.Tokyo, Japan, Feb 2, 2007 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) ) - Nomura Holdings Nomura Holdings, Inc. (TYO: 8604 SGX: N33 NYSE: NMR) (野村ホールディングス株式会社) is a Japanese financial holding company. Holdings
Nomura said the acquisition is part of ongoing strategy to strengthen its capabilities in this area, and comes as hedge funds hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" and other institutional investors increasingly look to place orders with firms that can deliver sophisticated trading technologies and execution services. Instinet is one of the world's largest agency-brokers. Since its founding in 1969, Instinet has been a leader in the execution service space. Instinet provides the trading expertise and advanced technology necessary to successfully interact with more than 50 securities markets worldwide. Instinet has a strong client base of approximately 1,500 institutions worldwide, and has grown its business by leveraging its execution technology and trading platforms. Instinet is particularly strong in algorithmic trading Algorithmic Trading A trading system that utilizes very advanced mathematical models for making transaction decisions in the financial markets. The strict rules built into the model attempt to determine the optimal time for an order to be placed that will cause the least amount of solutions and features a global portfolio trading system The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. . The new Instinet Board of Directors will include Edward J. Nicoll, Fumiki Kondo, John Fay John Fay (February 10, 1773 - June 21, 1855) was a U.S. Representative from New York. Born in Hardwick, Massachusetts, Fay attended the common schools for a period of only six months. , Alex Goor, Hidekazu Matoba, Yasuo Agemura, Hiromasa Yamazaki and David Findlay. "As one of the world's foremost global agency brokers, Instinet is excited to officially join the Nomura family," said Ed Nicoll, Chairman of Instinet. "We believe that institutional clients around the world will find great value in the combination of our electronic execution tools with Nomura's suite of research and execution services and global liquidity." Copyright [c] 2007 Japan Corporate News Network. All rights reserved. |
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