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Technology / AI and automation

NOMURA SECURITIES ARM & BT IN JOINT DEALING SYSTEMS PROJECT

The research arm of Japanese broker Nomura Securities Co Ltd is joining forces with British Telecommunications Plc to develop financial dealing systems, Nomura Research Institute Co Ltd said: the two, already allied on Telehouse in London’s Docklands, plan to develop dealing systems for cash, equities and bonds, as well as derivatives, and the new systems will be cheaper and more flexible than existing ones; they forecast sales of 1,500 dealing systems in the first year and a total 5,000 within the first three.

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