The company has appointed new Heads of BrokerTec, EBS and optimization businesses Derivatives marketplace CME Group just announced that it has made a number of senior management changes as part of the integration of the NEX Group businesses. CME completed the acquisition last November. New appointments effective this week include: John Edwards has been named…
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London based electronic trading firm and exchange operator NEX Group PLC (LON: NXG) has also released its market volumes for the month of July today. Spot FX results were down 15% MoM. US Treasury’s numbers dropped to 125.4 with 20% MoM. The complete results can be seen in the table below: NEX Markets Volumes –…
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NEX Group plc (LON: NXG), formerly known as ICAP plc has published their average daily volume data for July 2017. The volume figures cover electronically traded products - spot foreign exchange, US Treasury products, European and US repo products. NEX Electronic Markets Volumes – July 2017 Average daily volume (in USD billions, single count) July YoY%…
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NEX Data is working in conjunction with NEX Markets to produce new FX margin ratios that are core to meeting new Japanese regulatory requirements NEX Data, a NEX Group business which delivers independent market intelligence and price information for OTC data, announces today that it has been mandated by the Financial Futures Association of Japan…
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TriOptima, a NEX Group (LON:NXG) business which lowers costs and mitigates risk in OTC derivatives markets, announced today that it has added MVA (margin valuation adjustment) analytics to its triCalculate XVA (X-Value Adjustment) service. MVA calculations determine the lifetime costs of posting initial margin as part of the pricing of an OTC derivative. TriOptima is…
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ENSO, a NEX Group (LON:NXG) business and portfolio finance and centralized treasury management solution for the buy-side, announced today that it plans to expand the ENSO Broker Vote tool to include MiFID II research consumption, powered by RSRCHXchange, the MiFID II compliant marketplace for institutional research. The expanded tool will provide buy-side institutions with evidence-based…
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NEX Group plc (LON: NXG) formerly known as ICAP plc, a UK-based business focused on electronic markets and post trade business, announced today that it has received approval from the Commodity Futures Trading Commission (CFTC) for NEX SEF Limited (NEX SEF), a new Swap Execution Facility (SEF). NEX SEF will allow customers to trade Non-Deliverable…
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TriOptima, a NEX Group (LON:NXG) business which lowers costs and mitigates risk in OTC derivatives markets, announced today that it has included client cleared trades in a triReduce Mexico Peso (MXN) compression cycle in CME Clearing for the first time. CME Clearing and TriOptima have offered 15 compression cycles in five currencies since they started…
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BrokerTec, NEX Group (LON:NXG)’s global electronic fixed income trading platform, announced today that following Bank of Italy approval it has completed the transaction to acquire a majority stake in e-MID SIM SpA (e-MID), the first Italian electronic central limit order book (CLOB) platform for interbank deposits and Overnight Indexed Swaps (OIS). The transaction offers BrokerTec…
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EBS BrokerTec, a NEX Group (LON:NXG) business which provides electronic trading technology and services, announced a new internal structure for its electronic foreign exchange (FX) business, EBS, to allow it to better serve its customers. The new structure which is effective immediately, presents EBS as a service-driven business focused on what customers need, rather than…
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