Japanese Firms Seek Similar Platforms Via Disparate Routes

SPECIAL REPORT

One thing the Big Four Japanese securities firms have in common is their enthusiasm to participate in the U.S. markets for equities and fixed-income securities. But the common ground ends there: the four largest Japanese brokerage firms have taken differing tacks in developing technologies to support their New York trading operations.

While officials at Nomura Securities International Inc., Nikko Securities, Yamaichi Securities Inc. and Daiwa Securities talk of high-tech plans for their

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