1.   Both are more adept than Japanese brokers at selling sophisticated financial products such as derivatives.

2.   A rally in the United States Treasury bond market also aided the Japanese brokers.

3.   But he gets better treatment at Merrill, he said, adding that Japanese brokers urge him to trade stocks almost daily to generate commissions.

4.   In part, the muted reaction by Japanese brokers and fund managers reflects a diminished appetite for technology-related stocks, which dominate the new exchange.

5.   In contrast, many Japanese brokers and investors are less than enthusiastic about stock option trading.

6.   Japanese brokers operations in the U.S. and Europe have been best with trouble.

7.   Merrill may hire staff from failed Japanese broker Yamaichi Securities Co. and negotiate leases to occupy Yamaichi offices.

8.   This year, Nomura was one of just two Japanese brokers to eke out a profit.

9.   Those investors may be ripe for plucking because Japanese brokers, including Nomura, for years peddled investments on rumors merely to get customers to trade.

10.   Yet it will give non-Japanese securities companies an opportunity to profit from their expertise in an area in which few Japanese brokers excel, said industry executives.