07:30 AM EDT, 09/10/2024 (MT Newswires) -- Nomura Holdings ( NMR ) is anticipating higher revenue growth in trading, which may rise by as much as 30% over the next three years, Reuters reported late Monday, citing an interview with Rig Karkhanis, Nomura's head of global markets.

"We're seeing this big turnaround in our rates business in Europe, with the new team coming in and proving to be quite productive. A lot of the investments being made in equities, both execution services and equity products, have really kicked in," the report quoted Karkhanis as saying.

The company's markets unit revenue has risen between 15% to 20% this year as compared to 2023, Karkhanis told Reuters.

The Japanese bank spent the last two years enhancing its risk controls, risk management, and technology, according to the news outlet, citing Karkhanis.

The initial focus is to leverage Nomura's current prime businesses in the US and Asia to encourage customers to trade a wider range of assets, Karkhanis said in the interview.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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