Nomura has hired Mark McMillan into the role of Managing Director, Global Head of Electronic Foreign Exchange as electronic trading continues to reshape how banks quote and distribute FX liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term.

His role spans both e-trading and sales, which allows Nomura to align platform development, pricing and distribution under one senior manager.

McMillan to Oversee E-Trading and Sales

In his new position, McMillan will oversee Nomura’s electronic FX trading business and the associated sales teams that distribute the platform to clients. The appointment formalizes a single leadership point for strategy, product priorities and client engagement in electronic currencies.

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McMillan acknowledged the move in an update on Thursday. “I’m happy to share that I’m starting a new position as Managing Director, Global Head of Electronic FX at Nomura!” he said, confirming both his title and the scope of his responsibilities.

He is an experienced expert in the financial industry, more recently serving as the Managing Director and Global Head for Markets Product Management and Data Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term at Standard Chartered.

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During his eleven-year tenure at the lender he held several other roles, including Managing Director and Head of Algorithmic Tradig Quants. He joined as the Executive Director for eFX Trading.

He also brings experience from HSBC, where he has a stint as the eFX Quantitative Analyst.

More Recent Collaborations at Nomura

​Nomura is one of the big names focusing on AI. The firm recently moved deeper into artificial intelligence by signing a partnership with OpenAI to build new investment tools, market-analysis systems and client services.

Under the deal, Nomura will adopt OpenAI Deep Research and draw on technical support as it develops AI-powered services that blend its internal data with external datasets.

The bank aims to deliver new forms of investment advice and analytics while it maintains its existing security and governance standards as it rolls out the tools.