Foreign Exchange e-Trading Getting Started....On execution the trader is filled in the 10 underlying...

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Foreign Exchange e-Trading www.nomura.com/nomuralive

Transcript of Foreign Exchange e-Trading Getting Started....On execution the trader is filled in the 10 underlying...

Page 1: Foreign Exchange e-Trading Getting Started....On execution the trader is filled in the 10 underlying forward or NDF contracts of the currencies comprising the basket, versus the US

Foreign Exchange e-Trading

www.nomura.com/nomuralive

Getting Started.Would you like to know more about NomuraLive? Simply get in touch using the contacts below.

Europe, Middle East and Africa

T: +44 20 7103 5444 [email protected]

Americas

T: +1 (212) 667 2434 [email protected]

Asia

T: +813 3273 4874 (Tokyo) T: +65 6433 6605 (Singapore) [email protected]

Nomura is the global marketing name of Nomura Holdings, Inc. (Tokyo) and its direct and indirect subsidiaries worldwide. This marketing material is for your private information, and we are not soliciting any action based upon it. It does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security. The features of the services described may vary without notice. Not all services are available in every country. Use of electronic services is subject to Nomura’s terms of use. This publication has been approved for distribution in the EU by Nomura International plc, which is authorised and regulated by the UK Financial Services Authority. It is intended only for investors who are “eligible counterparties” or “professional clients” under the rules of the UK Financial Services Authority or those considered to be institutional investors. This information is neither investment research nor a research recommendation, and may not be relied upon as such.  Opinions presented may differ from views of Nomura Group’s research department. Any prices, yields and opinions expressed are current opinions as of the date appearing on this material only and are subject to change without notice. This document may not be reproduced or disseminated without Nomura’s permission. Additional disclaimer information: http://www.nomura.com/americas/fi-disclaimer.shtml.

NIplc in the Dubai International Financial Centre (“DIFC”)(Registered No. 0777) is regulated by the Dubai Financial Services Authority (“DFSA”). NIplc-DIFC Branch, may only undertake the financial services activities that fall within the scope of its existing DFSA licence. This is not investment research as defined by the DFSA. Related financial products are intended only for Professional Clients as defined by the DFSA and therefore no other person should act upon it. The information is not intended to lead to the conclusion of a contract of any nature what so ever within the territory of the DIFC. The recipient of the information understands, acknowledges and agrees that the contents of this document have not been approved by the DFSA or any other regulatory body or authority in the United Arab Emirates. Nothing contained in this report is intended to constitute ‘Advising on Financial Products or Credit’ or ‘Arranging Credit or Deals in Investments’ as defined by the DFSA and is not intended to endorse or recommend a particular course of action.

NIplc in the Qatar Financial Centre (“QFC”) (Registered No. 00106) is authorised by the Qatar Financial Centre Regulatory Authority (“QFCRA”). Principal place of business in Qatar: Qatar Financial Centre, Office 804, 8th Floor, QFC Tower, Diplomatic Area, West Bay, PO Box 23245 , Doha, Qatar. NIplc-QFC Branch may only undertake the regulated activities that fall within the scope of its existing QFCRA licence. This is not investment research as defined by the QFCRA. Related financial products are intended only for Business Customers as defined by the QFCRA and therefore no other person should act upon it. The information is not intended to lead to the conclusion of a contract of any nature what so ever within the territory of the QFC. The recipient of the information understands, acknowledges and agrees that the contents of this document have not been approved by the QFCRA or any other regulatory body or authority in  Qatar. Nothing contained in this report is intended to constitute  ‘Advising on Investments’ or ‘Arranging Deals in Investments’ as defined by the QFCRA and is not intended to endorse or recommend a particular course of action.

This material has not been reviewed by any regulatory authority in Hong Kong, Singapore, the United Kingdom, the United States or any other jurisdiction.

www.nomura.com/nomuralive

Page 2: Foreign Exchange e-Trading Getting Started....On execution the trader is filled in the 10 underlying forward or NDF contracts of the currencies comprising the basket, versus the US

Introduction

An innovative globalsolution for FXNomuraLive is our award-winning foreign exchange trading platform – giving you real-time pricing, execution and analysis. Combining state-of-the-art functionality with an easy-to-use trading interface, NomuraLive is a valuable trading partner.

With dynamic, executable streaming prices that you can tailor to suit your preferences, advanced technology, customizable tools and liquidity across majors, emerging markets and Non-Deliverable Forwards (NDFs), you’re guaranteed a rich trading experience.

www.nomura.com/nomuralive

Key Features Core Features

Non-Deliverable Forwards (NDFs)

Trade streaming Asian and Latam NDFs 24 hours a day.

Tile view:Streaming executable pricesFixed tenors & broken datesFixing date confirmationUp to four additional price layers

C10Live

Nomura’s China-10 or C10Live is a basket of ten currencies with strong trade connections to China. C10Live captures the strength and long-term structural changes of China’s economy through its trading partner currencies. C10Live offers traders an alternative to the China NDF trade. A bid/offer price for C10Live is displayed on NomuraLive. On execution the trader is filled in the 10 underlying forward or NDF contracts of the currencies comprising the basket, versus the US dollar.

One click on NomuraLive executes all 10 trades simultaneouslySimple post-trade process: all trades are either forwards or NDFs,

settling via existing channelsTrades easily tracked via NomuraLive trade blotter, showing both

C10Live and underlying tradesAttractive spreads, comparable to 1 year USDCNY

non-deliverable forwardIntra-day liquidity on NomuraLive

Algo Execution

Nomura’s multi-asset platform, NomuraLive, now includes a range of execution algorithms that offer traders greater level of control, efficiency, and transparency when working orders. With access to a wide range of liquidity sources, including internal pools, Nomura is able to provide complex order strategies at a click of a button.

Cost-effectiveLower market impactAccess to all of Nomura’s

liquidity sourcesAnonymity, including from

internal trading desks

TWAP – Time-weighted average priceTrWAP – Trade-weighted average priceAWAP – Activity-weighted average price

Research Integration

NomuraLive gives you the tools to trade with as well as the knowledge to make informed decisions. The integrated research portal helps you analyze multi-tenor FX forecasts, review pre/post data analysis from Nomura analysts and interact with volatility surfaces. You can also examine your trading portfolio, gain exposure to proprietary models and browse our extensive research archives.

Trading Interface

Our FX trading platform is robust, easy-to-use and flexible, with refined order management functionality.

Streaming spot, forwards, swaps and NDF’sMajors and emerging marketsExecutable liquidity ladderSingle and multi-leg ordersInteractive order managerPosition monitorInteractive chartingFully customizable

Streaming Prices

NomuraLive offers one-step trading (for speed) and two-step trading (for accuracy and assurance) in addition to:

Execution from the liquidity ladderCcy1/Ccy2 executionPrecision pricingRequest for quotesStreaming outrightsDynamic currency pair selectionSingle and multi-leg limit orders

FX Order Blotter

NomuraLive’s interactive deal blotter gives you easy access to your account, currency pair and status filters, while also offering bespoke column ordering and the ability to export directly to MS Excel.

FX Order Manager

Manage and execute a wide variety of orders with NomuraLive’s integrated order management.

We support the following order types:Stop LossTake ProfitOCOAlgorithmsCall

The Order Manager offers:Full control at all timesModify, cancel or replace with a single-clickProximity alertsMulti-leg order linksFilters to view orders by specific criteria

Maturity ladder view:Streaming executable pricesBuild your curveFixed tenors & broken dates

TransparencyAvailable for all pairs and crossesFull control of the order: Pause/

Resume/CancelPre-trade and post-trade

detailed analysis

www.nomura.com/nomuralive

Page 3: Foreign Exchange e-Trading Getting Started....On execution the trader is filled in the 10 underlying forward or NDF contracts of the currencies comprising the basket, versus the US

Introduction

An innovative globalsolution for FXNomuraLive is our award-winning foreign exchange trading platform – giving you real-time pricing, execution and analysis. Combining state-of-the-art functionality with an easy-to-use trading interface, NomuraLive is a valuable trading partner.

With dynamic, executable streaming prices that you can tailor to suit your preferences, advanced technology, customizable tools and liquidity across majors, emerging markets and Non-Deliverable Forwards (NDFs), you’re guaranteed a rich trading experience.

www.nomura.com/nomuralive

Key Features Core Features

Non-Deliverable Forwards (NDFs)

Trade streaming Asian and Latam NDFs 24 hours a day.

Tile view:Streaming executable pricesFixed tenors & broken datesFixing date confirmationUp to four additional price layers

C10Live

Nomura’s China-10 or C10Live is a basket of ten currencies with strong trade connections to China. C10Live captures the strength and long-term structural changes of China’s economy through its trading partner currencies. C10Live offers traders an alternative to the China NDF trade. A bid/offer price for C10Live is displayed on NomuraLive. On execution the trader is filled in the 10 underlying forward or NDF contracts of the currencies comprising the basket, versus the US dollar.

One click on NomuraLive executes all 10 trades simultaneouslySimple post-trade process: all trades are either forwards or NDFs,

settling via existing channelsTrades easily tracked via NomuraLive trade blotter, showing both

C10Live and underlying tradesAttractive spreads, comparable to 1 year USDCNY

non-deliverable forwardIntra-day liquidity on NomuraLive

Algo Execution

Nomura’s multi-asset platform, NomuraLive, now includes a range of execution algorithms that offer traders greater level of control, efficiency, and transparency when working orders. With access to a wide range of liquidity sources, including internal pools, Nomura is able to provide complex order strategies at a click of a button.

Cost-effectiveLower market impactAccess to all of Nomura’s

liquidity sourcesAnonymity, including from

internal trading desks

TWAP – Time-weighted average priceTrWAP – Trade-weighted average priceAWAP – Activity-weighted average price

Research Integration

NomuraLive gives you the tools to trade with as well as the knowledge to make informed decisions. The integrated research portal helps you analyze multi-tenor FX forecasts, review pre/post data analysis from Nomura analysts and interact with volatility surfaces. You can also examine your trading portfolio, gain exposure to proprietary models and browse our extensive research archives.

Trading Interface

Our FX trading platform is robust, easy-to-use and flexible, with refined order management functionality.

Streaming spot, forwards, swaps and NDF’sMajors and emerging marketsExecutable liquidity ladderSingle and multi-leg ordersInteractive order managerPosition monitorInteractive chartingFully customizable

Streaming Prices

NomuraLive offers one-step trading (for speed) and two-step trading (for accuracy and assurance) in addition to:

Execution from the liquidity ladderCcy1/Ccy2 executionPrecision pricingRequest for quotesStreaming outrightsDynamic currency pair selectionSingle and multi-leg limit orders

FX Order Blotter

NomuraLive’s interactive deal blotter gives you easy access to your account, currency pair and status filters, while also offering bespoke column ordering and the ability to export directly to MS Excel.

FX Order Manager

Manage and execute a wide variety of orders with NomuraLive’s integrated order management.

We support the following order types:Stop LossTake ProfitOCOAlgorithmsCall

The Order Manager offers:Full control at all timesModify, cancel or replace with a single-clickProximity alertsMulti-leg order linksFilters to view orders by specific criteria

Maturity ladder view:Streaming executable pricesBuild your curveFixed tenors & broken dates

TransparencyAvailable for all pairs and crossesFull control of the order: Pause/

Resume/CancelPre-trade and post-trade

detailed analysis

www.nomura.com/nomuralive

Page 4: Foreign Exchange e-Trading Getting Started....On execution the trader is filled in the 10 underlying forward or NDF contracts of the currencies comprising the basket, versus the US

Foreign Exchange e-Trading

www.nomura.com/nomuralive

Getting Started.Would you like to know more about NomuraLive? Simply get in touch using the contacts below.

Europe, Middle East and Africa

T: +44 20 7103 5444 [email protected]

Americas

T: +1 (212) 667 2434 [email protected]

Asia

T: +813 3273 4874 (Tokyo) T: +65 6433 6605 (Singapore) [email protected]

Nomura is the global marketing name of Nomura Holdings, Inc. (Tokyo) and its direct and indirect subsidiaries worldwide. This marketing material is for your private information, and we are not soliciting any action based upon it. It does not constitute an offer, solicitation, or recommendation with respect to the purchase or sale of any security. The features of the services described may vary without notice. Not all services are available in every country. Use of electronic services is subject to Nomura’s terms of use. This publication has been approved for distribution in the EU by Nomura International plc, which is authorised and regulated by the UK Financial Services Authority. It is intended only for investors who are “eligible counterparties” or “professional clients” under the rules of the UK Financial Services Authority or those considered to be institutional investors. This information is neither investment research nor a research recommendation, and may not be relied upon as such.  Opinions presented may differ from views of Nomura Group’s research department. Any prices, yields and opinions expressed are current opinions as of the date appearing on this material only and are subject to change without notice. This document may not be reproduced or disseminated without Nomura’s permission. Additional disclaimer information: http://www.nomura.com/americas/fi-disclaimer.shtml.

NIplc in the Dubai International Financial Centre (“DIFC”)(Registered No. 0777) is regulated by the Dubai Financial Services Authority (“DFSA”). NIplc-DIFC Branch, may only undertake the financial services activities that fall within the scope of its existing DFSA licence. This is not investment research as defined by the DFSA. Related financial products are intended only for Professional Clients as defined by the DFSA and therefore no other person should act upon it. The information is not intended to lead to the conclusion of a contract of any nature what so ever within the territory of the DIFC. The recipient of the information understands, acknowledges and agrees that the contents of this document have not been approved by the DFSA or any other regulatory body or authority in the United Arab Emirates. Nothing contained in this report is intended to constitute ‘Advising on Financial Products or Credit’ or ‘Arranging Credit or Deals in Investments’ as defined by the DFSA and is not intended to endorse or recommend a particular course of action.

NIplc in the Qatar Financial Centre (“QFC”) (Registered No. 00106) is authorised by the Qatar Financial Centre Regulatory Authority (“QFCRA”). Principal place of business in Qatar: Qatar Financial Centre, Office 804, 8th Floor, QFC Tower, Diplomatic Area, West Bay, PO Box 23245 , Doha, Qatar. NIplc-QFC Branch may only undertake the regulated activities that fall within the scope of its existing QFCRA licence. This is not investment research as defined by the QFCRA. Related financial products are intended only for Business Customers as defined by the QFCRA and therefore no other person should act upon it. The information is not intended to lead to the conclusion of a contract of any nature what so ever within the territory of the QFC. The recipient of the information understands, acknowledges and agrees that the contents of this document have not been approved by the QFCRA or any other regulatory body or authority in  Qatar. Nothing contained in this report is intended to constitute  ‘Advising on Investments’ or ‘Arranging Deals in Investments’ as defined by the QFCRA and is not intended to endorse or recommend a particular course of action.

This material has not been reviewed by any regulatory authority in Hong Kong, Singapore, the United Kingdom, the United States or any other jurisdiction.

www.nomura.com/nomuralive