Nomura, Thomson Reuters partner SL capital market
By Waruni Paranagamage
Japan’s Nomura Research Institute, a subsidiary of Nomura Holdings, announced its partnership with Thomson Reuters by introducing, for the first time in the country, an information solution that will provide up-to-the-minute information for the Sri Lankan capital market.
Although Thomson Reuters has been an active participant in the local capital market for over 20 years, the entrance of Nomura marks the first time that a Japanese financial services technology firm has sought to enter Sri Lanka. Both companies will be looking to provide Sri Lankan stockbrokers with a world-leading order management system and broker back office solution.
Addressing the launch event held at the Taj Samudra Hotel on Monday, Nomura Research Institute Financial Technologies India Vice President/Head of Business Development Arun Mitra emphasised: “While our solution is one that has evolved over 10 years in the world’s major financial markets supporting high volume real-time back office STP, Nomura Research Institute is committed to bringing this advanced technology to emerging markets in an affordable ‘pay-as-they-go’ software-as-a-service mode.”
Mitra also said that the company was very aware of how important it was for Nomura to guarantee its commitment to the local broking community by ‘localising’ its offerings through adapting its global best practices to local requirements.
Mitra added: “This is our mantra for our approach in Mongolia, Vietnam and now Sri Lanka, and in Thomson Reuters we have a likeminded partner who is also committed to the same long term vision for the Sri Lankan capital market.”
Nomura Research Institute Group Manager Tohru Watanabe, Omnesys Technologies Managing Director Shrikant Pandit, Thomson Reuters Head of Solutions Burgess Ghyara, Omnesys Technologies Product Manager – Algorithmic Trading Prabhakar Kadva and Nomura Research Institute Principal Business Analyst Partha Chowdhary also addressed the gathering.
Nomura Holdings is Japan’s largest asset manager and investment bank. Nomura Research Institute provides solutions to clients across a broad range of industrial IT solutions for the distribution, manufacturing and service industries as well as the healthcare business.
It supports eight of the top 10 Japanese equity brokerage firms by trading volume, 16 of the top 20 global asset management firms, 80% of Japanese mutual funds, and 60% of all order flows through the Tokyo Stock Exchange.
Having been active in Sri Lanka for over 20 years, Thomson Reuters was the first company to report Sri Lankan financial news to the world. The team is focused on the opportunity to reshape the Sri Lankan transactions market, by bringing in global best practises and connecting Sri Lanka on the global equities map.
The Thomson Reuters Autex trade route, which is one of the largest global FIX based order routing networks, will provide Sri Lankan brokers with simplified trading connectivity and will also expedite broker-client on-boarding by providing a plug-in to an extensive global ecosystem of EMS/OMS partners.
Currently more than 200 of the top firms in India use the TR system, in addition to various exchanges that offer TR OMNESYS NEST as a front office service to their customers.
The software as a service model is available to all members of partnering national stock exchanges and covers the entire trading community. Over 650 brokers log in through the co-located hosted solution, which is the same model proposed for Sri Lanka.
