Nomura unit preparing to trade crypto, boost staff by 45%
2022/11/08 12:22
Laser Digital, established in September, is also seeking to trade crypto itself and launch a dedicated trading platform in the first quarter of 2023. Jez Mohideen, the firm’s CEO, told Blockworks that part of the operation will include high-frequency trading, market making, and proprietary trading.
Nomura is Japan’s top brokerage and investment bank, managing assets worth $442 billion as of this month. The bank first publicly announced its intentions to offer institutional clients the opportunity to trade crypto products in May.
The crypto unit functions somewhat independently of Nomura. It’s focused on deploying its own capital to establish cryptoasset management and venture capital (VC) investment engines.
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