Nomura Automates With Xcitek

FRONT PAGE: OPERATIONS

Nomura Securities International is automating corporate actions processing for its equities broking operations in the US and Tokyo with software from New York-based Xcitek, vendor officials say.

Xcitek managing director Brendan Farrell says the firm's goal is to make it easier for clients to take corporate actions into account when making real-time trading decisions.

Nomura officials decline to comment on the deal, which Farrell says was signed in the first quarter of this year, or on the impl