Ashurst advises Nomura on sale of its interests in financial technology company AIM2

AIM² was launched in 2015 and became a joint venture between hedge fund management company Brevan Howard and Nomura in 2019, and is a financial technology company that is transforming market making and quantitative investment strategy with cutting-edge artificial intelligence products. Brevan Howard have also sold its interest in AIM² to SparkCognition.

As part of the transaction Nomura will continue to licence AIM²'s ORCA/AI Trader product and will be accelerating its global deployment across its flow businesses. This will assist in augmenting banks' trading ecosystem for broad asset classes such as: Fixed Income, swaps, credit and FX.

The Ashurst team was led by digital economy partner Chris Bates, corporate partner David Carter and senior associate Jacob Gold, with associates Jack Mendelssohn, Adam Eskdale, Sara Hamzawi also assisting.