Instinet Launches BlockCross in Japan

Instinet, the agency broker owned by Nomura, has launched its conditional order management platform, BlockCross, in Japan adding to its expansion in Asia this year. BlockCross has connected to NX, Nomura’s dark pool in Japan. Gael Vasseur, Head, Global Execution Services, Japan at Nomura, said in a story in MarketsMedia that the bank has been the number one broker in Japan for many years, with a large franchise allowing it to reach and connect with various types of investors including institutions, corporates, and retail. “NX is the largest Japanese dark pool which adds value for both international and domestic investors, and its liquidity is a game changer,” added Vasseur.