Nomura's NX MTF Goes Live

Published: 02-Feb-2010

Nomura said that NX MTF, a principal broker dealer established multilateral trading facility dark pool, has gone live. The platform began trading in stocks across 14 European markets as scheduled on January 25, 2010.

The Japan-based investment bank claimed that NX MTF is a principal broker dealer MTF dark pool to be regulated by the UK Financial Services Authority and publishes post-trade prints to Markit BOAT immediately after a trade is completed. The prints are visible on market data providers such as Thomson Reuters and Bloomberg, analytics tools such as Nomura's TradeSpex Liquidity Monitor, and market share tools such as Fidessa's Fragulator and Thomson Reuters' EMSR.

Reportedly, Nomura is actively working with a number of institutions to provide them with access to NX MTF. Nomura has welcomed Credit Suisse as the first new connection. Other institutions include, Instinet Europe, Investment Technology Group and Turquoise TQ Lens.

Andrew Bowley, head of electronic trading product management of EMEA at Nomura, said: "Our trading volumes across Europe validate Nomura's decision to register its dark pool as an MTF and provide the market with additional liquidity and transparency. We are able to show the market key activity in terms of liquidity both at the individual stock level as well as across Europe. NX has launched ahead of some existing lit and dark MTFs."

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