2026 · Evidence audit

Nomura FX — institutional liquidity provider

Nomura FX is a division of Nomura Holdings, Inc., established in 1925. It holds Tier-1 licenses from the FCA, SEC, and JFSA. Claims of liquidity quality and market share are self-measured and should be independently verified.

Nomura Holdings, Inc. (FX via Nomura Securities Co., Ltd., Japan; Nomura International plc, UK; Nomura Securities International, Inc., US) · Tokyo, Japan · last re-checked 2026-09 · evidence score 92/100

Licence, read on the register

Regulator	Licence number	Jurisdiction	Tier	Source
FCA (Nomura International plc)	124422	UK	tier-1	open source ↗
SEC/FINRA (BrokerCheck, Nomura Securities International, Inc.)	8-15255	US	tier-1	open source ↗
JFSA (Japan Financial Services Agency)	not verified	Japan	tier-1	open source ↗
SEC (EDGAR, Nomura Holdings, Inc.)	0001163653	US	tier-1	open source ↗

Tier classification follows the same scale as the retail register: tier-1 = FCA/ASIC/CFTC-class supervision, tier-2 = CySEC/FSC-Mauritius/MFSA-class, tier-3 = offshore registration. A tier-2 licence is genuine supervision without an investor compensation scheme — never misread it as tier-1 protection.

What the firm commits to

Claims specific enough to be falsified — and the ones that remain the venue's own measurement.

Testable claims

Nomura utilises internally developed tools — algorithms, internalisation engines and/or smart order routers routing to external liquidity sources — acting as principal to provide the most favorable bids and offers (nomuraholdings.com FX disclosure page)
The Nomura Securities Co., Ltd. was established 25 December 1925 as a spin-off from the Securities Department of Osaka Nomura Bank (nomuraholdings.com history/milestones)
Nomura provides top-tier electronic execution across asset classes with multiple trading centres worldwide (nomuranow.com electronic-trading portal)

Claims we cannot verify from outside

FX market-share / volume rankings (self-measured)
Liquidity quality claims in disclosures (self-measured)

Perimeter and coverage

Asset classes	Venues	Connectivity	Clients accepted	Explicitly refused
FX spot, FX forwards, FX swaps, NDFs, FX options		FIX, REST/API, FX algorithms / internalisation engines / smart order routers (per Nomura's own disclosure), nomuranow client portal	Banks, Institutional investors, Asset managers, Hedge funds, Corporates	Retail clients

A firm that publishes its own negative space — who it refuses, where it is not licensed — is materially easier to diligence than one that doesn't. The refusal list is treated here as a disclosure, not a defect.