Under the deal, MarketPrizm will offer a service for Nomura to upgrade its European trading infrastructure to provide increased performance and speed for its electronic clients across equities, futures and FX.
The deal will also see MarketPrizm provide Nomura with the lowest latency exchange access and market data service available between exchange co-location venues.
Nomura managing director, co-head of electronic trading Andrew Bowley said that the migration to the new infrastructure will give the company a material step forward in managing its trading access in an evolving European landscape.
"Our second generation network will benefit all of our clients through better, faster access to ten co-location venues over Nomura’s DMA and algorithmic trading services," Bowley said.
MarketPrizm CEO Tanuja Randery said, "We were able to put together a solution that lowers Nomura’s costs and allows them to upgrade to the latest technology to suit their evolving business requirements."
