Nomura and Tradition partner to launch electronic ETF trading platform

A new electronic market-place for ETFs

Nomura and interdealer broker Tradition have partnered to launch Navesis-ETF, an electronic trading platform for exchange-traded funds (ETFs). The launch comes at a time when the ETF market is evolving rapidly, reflected by a substantial increase in ETF platform trading activity. Total assets under management (AUM) for exchange-traded products (ETPs) reached an all-time high at $1.168 trillion in the second week of February, according to a Deutsche Bank report.

Navesis-ETF, which was officially

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