Nomura Partners on Long-Term Extension of Strategic Alliance

Nomura and Wolfe Research announced an agreement to further strengthen their Strategic Alliance through a long-term extension of the arrangement to at least 2030, offering clients a combination of capabilities across equity research, capital markets, derivative products, and execution. Launched in July 2020, the Strategic Alliance (the “Alliance”) has enabled Nomura, Instinet and Wolfe to leverage their respective strengths and jointly deliver a suite of high-caliber services and offerings to clients in the North American Equities markets, as well as content to clients in Japan. According to a story in Traders Magazine, clients seamlessly access Wolfe’s US equity research, analysis, and world-class distribution capabilities, together with Nomura’s global investment banking and capital markets capabilities, US equity products franchise, and the execution of Instinet. Since July 2020, Instinet and Nomura engaged more than 350 new clients, and some 500 accounts overall now pay for Wolfe Research in various ways, such as cash and electronic execution, listed options, equity swaps, commissions, or CSAs. As part of the original agreement, Instinet integrated high touch execution coverage with the firm’s existing worked order and electronic desks.