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November 1, 2003

A Japanese Player Ramps Up Trading

By Staff Reports

Nomura Securities International, the market leader in Japanese securities, is trying to become a big player in U.S. institutional business. Nomura, one of the few Japanese firms listed on the Big Board, announced it is beefing up U.S. equity sales and trading efforts and introducing technologies to obtain better trade executions. It will also add 11 professionals, the firm said, and is installing new leadership.

Anthony Abenante has become managing director and head of U.S. equity sales and trading for Nomura. Abenante is a former Morgan Stanley executive. He was most recently director of institutional sales at Investment Technology Group in New York. Abenante, who began his securities career on the technology side, will coordinate his unit's efforts with Nomura's global equity team, which is based in Tokyo. Nomura has been in the U.S. since 1927. Abenante's mandate, Nomura officials say, will be to develop new trading technology.