Nomura invests in Brevan Howard AI trading platform

Nomura, Asia’s global investment bank, announced last Friday, that it is investing in artificial intelligence (AI) start-up venture AIM2, an organisation established by hedge fund manager, Brevan Howard, in 2015, according to a press release.

The company, AIM2, specialises in building Artificial Intelligence-powered solutions for the financial market and uses a combination of data science and machine learning to create alpha investment strategies.

“The AIM2 team has a strong combination of data scientists and capital market experts, and has built an industry-leading AI engine that we will use across all asset classes to enhance the client experience and increase market share in flow products,” said Steve Ashley, global head of wholesale at Nomura. “This solution will also form part of our plans to accelerate Nomura’s Wholesale digital transformation.”

Nomura trading tools

Nomura is now creating trading tools for market participants in the wholesale financial market, after collaborating with the AIM2 platform in 2018.

The new tool will use AI and large sets of real-time and historical high-frequency data, including client flows and market data, to provide quotes and recommendations.

Earlier last week, Nomura Asset Management also went live on cloud-based Charles River Investment Management Solution (Charles River IMS) for global and multi-asset trading. The system covers fixed income, equity, financial exchange, institutional and mutual funds.

“Transitioning to Charles River’s cloud-based service was a strategic decision that positions NAM for growth across our asset management business,” said Mutsuo Kobayashi, senior managing director, NAM. “SaaS will enable us to increase the frequency of upgrades whilst reducing the burden on our internal team to deliver the most up to date capabilities to our portfolio managers, trading and compliance teams.”

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