Electronic trading network operator NEX Group PLC (LON:NXG) has announced today that Stuart Bridges, Group Chief Financial Officer, has stepped down from the Board and will be leaving the company later in the year. Samantha Wren, currently Chief Commercial Officer for NEX Markets, has been appointed to the CFO role and will join the Board…
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Mergers and Acquisitions activity led Forex Industry News this past week, on both the retail and institutional sides of the sector. The key deals - Euronext NV (EPA:ENX) buying FastMatch and ThinkMarkets acquiring Trade Interceptor - highlighted two of the key FX industry trends we've reported a lot on of late: consolidation, and the growing importance…
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Financial technology company NEX Group plc (LON:NXG) announced that it is the official global sponsor of the drone racing team XBlades. Developed in 2014, drone racing is a motorsport where pilot’s race drones (radio-controlled aircraft or quadcopters) at speeds approaching 120mph around a course in the fastest time possible. The drones are equipped with cameras…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that electronic trading network operator NEX Group PLC (LON:NXG) has made more than £11.5 million (USD $15 million) worth of bonus share grants to senior management. The largest grant worth $5.4 million went to NEX Group CEO Michael Spencer. DSBP Award PSP Award Total Shares Value £ Value US$…
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BrokerTec, a NEX Group (LON:NXG) business which provides electronic trading technology and services for the fixed income market, and MTS, a fixed income electronic trading venue that is part of London Stock Exchange Group, announced today that they are further expanding the RepoFunds Rate (RFR) indices by adding Dutch and Belgian repo indices. The RFR…
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The financial technology company NEX Group plc (LON:NXG) just announced its audited results for the year ended 31 March 2017. Some of the highlights include: ICAP Global Broking division: sold for £1.3 billion Revenue from continuing operations increased by 18% to £543 million (2015/16: £460 million), an increase of 8% on a constant currency basis…
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New benchmark ensures accurate and reliable price information for USD/JPY during Japanese trading hours NEX Data, a NEX Group (LON:NXG) business which delivers independent market intelligence and price information for OTC data and NEX Markets, a NEX Group business which provides electronic trading technology and services, just announced the launch of the EBS JPY Benchmark,…
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Continuing the string of weak volume reports for the month of April 2017 from some of the leading institutional eFX trading venues, NEX Group PLC (LON:NXG) has reported that its EBS unit saw volumes drop by 12% MoM, coming in at $76.1 billion ADV. That marks EBS's slowest month for trading since August 2016. Overall,…
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London-based FX Prime of Prime institutional brokerage Stater Global Markets has announced its core technology partners, as well as the introduction of CFDs in indices and commodities. LeapRate exclusively reported about the launch of Stater Global Markets in an interview with CEO Ramy Soliman last October. Soliman was most recently VP EMEA Sales at Integral Development…
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NEX Group PLC (LON:NXG), formerly known as ICAP plc, has announced the launch of NEX Regulatory Reporting. Led by Collin Coleman and powered by Abide Financial which NEX Group acquired late last year, NEX Regulatory Reporting brings together a suite of best-in-breed services under a single umbrella to offer clients an extremely powerful and versatile reporting…
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