NEX Markets volumes remain strong in October

NEX Markets volumes remain strong in October

NEX Group PLC (LON: NXG) just announced their markets volumes for the month of October.

US Repo continues its monthly rise, Spot FX jumped with 3% MoM to 88.7.

US Treasury was up 37% MoM in October.

The exact numbers can be seen in the table below:

Average daily volume (in USD billions, single count)
NEX Markets October YoY % change September MoM % change 12 months ended 31 October % change
2017 2018 2018 2017 2018
US Treasury 160.7 201.3 25% 147.3 37% 165.8 167.3 1%
US Repo 247.5 229.1 (7%) 225.9 1% 225.7 240.4 7%
European Repo (in EUR billions) 241.1 266.3 10% 269.1 (1%) 218.3 256.4 17%
Spot FX 80.6 88.7 10% 86.1 3% 86.2 89.6 4%

CME Group Inc. (Nasdaq: CME) has announced several days ago that it has completed its acquisition of NEX Group plc. The combined company will enable clients worldwide to trade futures, cash and over-the-counter (OTC) markets, optimize portfolios and analyze data to efficiently manage risk and capture opportunities.

CME Group will retire the NEX name and brand but will continue to operate its individual Markets and Optimisation businesses as sub-brands including BrokerTec, EBS, Traiana and TriOptima. Corporate headquarters will remain in Chicago, with London continuing to serve as CME Group’s European headquarters.

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