ModelEx Picks Up Lehman Remains

Nomura Securities taps Lehman spoils with its ModelEx trading platform.

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No one yet knows quite what to make of Nomura Securities Co.’s new high-speed equity trading platform, launched in Hong Kong in late February by the Japanese brokerage house. A quick search of Tokyo-based financial sector analysts found only one — Azuma Ohno of Credit Suisse — up to speed on the Nomura offering, an algorithmic trading platform called ModelEx.

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