Nomura Upgrades Systems For N.Y. Proprietary Trading


In a bid to boost its trading operations globally, Nomura Securities International Inc. is gearing up its eight-month- old New York proprietary trading unit by enhancing technology and hiring big-name program traders. The Japanese securities firm is also setting up a West Coast think-tank to develop proprietary analytics that could be used by Nomura's traders both in the U.S. and in Japan.

But sources close to the projects say implementation of some of the analytics under development could be

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