NEX Group plc (LON:NXG), a financial technology company at the centre of the global markets, announced today that its EBS BrokerTec business which provides electronic trading technology and services to the foreign exchange (FX) and fixed income markets, will be renamed NEX Markets.
The business is being renamed to further align with NEX. The new brand is effective immediately.
Four business lines were created when NEX was launched on 30 December 2016:
- NEX Markets,
- NEX Optimisation,
- NEX Opportunities and
- NEX Exchange.
EBS BrokerTec previously sat as a sub-brand within the NEX Markets business line. As a result of the rename, NEX will no longer use EBS BrokerTec and the entire business will be known as NEX Markets. The business will retain its current service names for its FX and fixed income platforms; EBS and BrokerTec.
CEO of NEX Markets, Seth Johnson, and his management team remain in place:
- Tim Cartledge, Global Head of FX and Head of Product, NEX Markets
- Jim Iorio, Global Head of Sales & Head of FX Americas, NEX Markets
- Darryl Hooker, Global Head of Metals and Spot & Head of FX EMEA, NEX Markets
- Jeff Ward, Global Head of NDFs and Forwards & Head of FX Asia,NEX Markets
- Dan Cleaves, Global Head of Fixed Income, NEX Markets
- John Edwards, European Head of Fixed Income, NEX Markets
NEX Markets services include:
EBS Market – An anonymous matching platform providing a market leading source of orderly, executable and genuine FX liquidity
EBS Direct  – A disclosed relationship-based FX trading platform, allowing liquidity providers to stream tailored prices direct to liquidity consumers
EBS Select – A relationship-based FX trading platform that meets the growing demand to trade non-disclosed while retaining the advantages of trading through permissioned liquidity and the credit profile of a prime bank
EBS Institutional – A highly flexible execution management system catering specifically to the workflow challenges of asset managers
BrokerTec Market – The industry leading anonymous dealer-to-dealer electronic trading platform for the fixed income markets
BrokerTec Direct – A new disclosed relationship-based electronic venue for fixed income trading
NEX Treasury (previously EBS Treasury) – A cash and FX liquidity management