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MarketScreener Homepage  >  Equities  >  Japan Exchange  >  Nomura Holdings, Inc.    8604   JP3762600009

NOMURA HOLDINGS, INC.

(8604)
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Cryptocurrency firm Paxos to apply for clearing agency license

04/06/2021 | 10:27am EDT

April 6 (Reuters) - Cryptocurrency firm Paxos said on Tuesday it will apply for a formal clearing agency license from the U.S. Securities regulator following a pilot test in which Credit Suisse and Instinet used its platform for same-day trade settlements.

Paxos said Credit Suisse and Instinet, the trading arm of investment bank Nomura Holdings Inc, settled U.S.-listed stock trades on the same day using Paxos' settlement service.

The trades marked the first live application of blockchain technology for equities markets in the U.S., Paxos said.

Currently, it takes two days to settle a trade. However, calls to shorten this time gained momentum in the wake of the retail trading frenzy that sent a handful of heavily-shorted stocks like GameStop Corp up as much as 1,600%.

In February, the Depository Trust and Clearing Corporation (DTCC) said reducing the settlement time to one day would reduce market risk and lower margin requirements, especially during particularly volatile market conditions.

Robinhood Chief Executive Officer Vlad Tenev has also called for real-time settlement of equities in the U.S. The brokerage app was forced to restrict trading in some stocks earlier this year to meet deposit requirements at its clearinghouse.

Trades at Paxos, however, were not executed real-time. The company said transactions occurring at 11:00 am Eastern Time (ET) and 3:00 pm ET were settled at 4:30 pm ET.

The New York-based company said it hopes to secure clearing agency registration in 2021. A clearing agency is an intermediary that facilitates the proper settlement of a trade between a buyer and a seller. (Reporting by Niket Nishant in Bengaluru; Editing by Bernard Orr)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CREDIT SUISSE GROUP AG 0.12% 9.826 Delayed Quote.-13.91%
GAMESTOP CORP. 18.11% 166.53 Delayed Quote.648.35%
NOMURA CO., LTD. -0.90% 876 End-of-day quote.2.82%
NOMURA HOLDINGS, INC. -2.44% 571 End-of-day quote.4.77%
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More news
Financials
Sales 2021 1 459 B 13 391 M 13 391 M
Net income 2021 250 B 2 298 M 2 298 M
Net Debt 2021 - - -
P/E ratio 2021 7,11x
Yield 2021 4,82%
Capitalization 1 747 B 16 031 M 16 034 M
Capi. / Sales 2021 1,20x
Capi. / Sales 2022 1,25x
Nbr of Employees 26 629
Free-Float 93,3%
Chart NOMURA HOLDINGS, INC.
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Nomura Holdings, Inc. Technical Analysis Chart | 8604 | JP3762600009 | MarketScreener
Technical analysis trends NOMURA HOLDINGS, INC.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Average target price 686,64 JPY
Last Close Price 571,00 JPY
Spread / Highest target 92,6%
Spread / Average Target 20,3%
Spread / Lowest Target -0,18%
EPS Revisions
Managers and Directors
NameTitle
Kentaro Okuda Group Chief Executive Officer
Takumi Kitamura Chief Financial Officer & Executive Officer
Koji Nagai Chairman
Jun Yoshimura Executive Officer & Head-Group IT
Toshio Morita Group Co-Chief Operating Officer
Sector and Competitors
1st jan.Capitalization (M$)
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