Nomura Buys Instinet as Platform to Offer Electronic Trading to Hedge Funds Globally
At 01 Nov 2006 03:35:49 in ET-Trading Technology, Electronic Trading
Nomura’s agreement to acquire Instinet marks a coup for the big Japanese securities house, as it beat out competition to buy the pioneering electronic broker from several credible quarters. More strategically, though, Nomura’s coup is in the degree of catch-up the Instinet acquisition affords in U.S. and European markets, and the leap ahead in electronic trading offerings it gets on its Asian home turf.
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