News On Japan

Instinet Launches BlockCross in Japan

Nov 24, 2023 (tradersmagazine.com) - Instinet, the agency broker owned by Nomura, has launched its conditional order management platform, BlockCross, in Japan adding to its expansion in Asia this year.

BlockCross has connected to NX, Nomura’s dark pool in Japan.

Gael Vasseur, Head of Global Execution Services, Japan at Nomura, told Markets Media that the bank has been the number one broker in Japan for many years, with a large franchise allowing it to reach and connect with various types of investors including institutions, corporates, and retail.

“NX is the largest Japanese dark pool which adds value for both international and domestic investors, and its liquidity is a game changer,” added Vasseur.

Ned Millington Buck, Head of BlockCross, Asia Pacific at Instinet described the launch of BlockCross in Japan as a significant and exciting milestone in the growth of Instinet’s suite of innovative block trading solutions across Asia.

“Leveraging the broad capabilities and harmonized expertise of Nomura & Instinet’s unified Global Execution Services (GES) platform, we offer clients a solution that incorporates the anonymous blotter-integrated crossing technology of Instinet’s BlockCross with Nomura’s scale, strength of client franchise and balance sheet,” he added. ...continue reading

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