Nomura Consents To NYSE Fine Over Reverse Repo Trades


Trading innovative emerging market products can be an expensive business, as Nomura Securities International has recently discovered to its cost. The New York-based securities house - a subsidiary of Japanese financial giant Nomura Securities Company - has agreed to pay a $1 million fine and submit to other disciplinary action after a dispute with the New York Stock Exchange (NYSE) over Mexican government bond reverse repo trades. Nomura hasn't admitted or denied guilt over the NYSE allegatio