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No­mura Hold­ings is ap­ply­ing for a li­cence to op­er­ate a new en­tity in Frankfurt, as Ja­pan’s largest bro­ker­age gears up for Bri­tain’s exit from the Euro­pean Union in 2019. In a state­ment yes­ter­day, No­mura flagged the li­cence ap­pli­ca­tion and said it will be ready to pro­vide un­in­ter­rupted ser­vice to clients by the time Bri­tain ex­its the bloc re­gard­less of the fi­nal terms of the de­par­ture. It did not give any de­tails on the func­tion of the pro­posed en­tity, what form it would take, or on staffing. –

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