Nomura has moved 11 traders in Europe and Asia from its electronic agency brokerage Instinet back onto its own platform, undoing part of an integration of its equities trading division and the brokerage that took place last year.

The Japanese bank ended nearly two years of uncertainty around its wholly-owned subsidiary Instinet in September 2012 by announcing it would become the bank's equities execution services arm. Nomura moved all of its cash trading, program trading and electronic execution services units onto the Instinet platform over the following six months. Until that point, Nomura had effectively been running two equities execution franchises.