Tag: NEX Group PLC (LON:NXG)

March 02, 2017 BY LeapRate Staff

EBS forex volumes down 13% in February to $80.7 billion ADV

Continuing the string of weak volume reports for the month of February from some of the leading institutional eFX trading venues, NEX Group PLC (LON:NXG) has reported that its EBS unit saw volumes drop by 13% MoM, coming in at $80.7 billion ADV. Overall, February was a fairly weak month at NEX Group (formerly known…

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February 22, 2017 BY LeapRate Staff

Regulatory reporting specialist Abide Financial applies for ARM and APA status ahead of MiFID II

Regulatory reporting services provider Abide Financial has announced that it has applied to become an Approved Publication Arrangement (APA) and Approved Reporting Mechanism (ARM) in order to provide enhanced MiFID II (Market in Financial Instruments Directive) services leading up to enhanced scope enforcement in January 2018. Abide Financial is a unit of NEX Group PLC (LON:NXG). NEX…

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February 16, 2017 BY LeapRate Staff

Fintech startup OpenFin raises $15 million to unify financial desktop apps

New York and London based fintech startup OpenFin, which has developed the first common operating layer for financial desktop applications, has announced $15 million in Series B funding from some of the world’s leading fintech investors. Participants in this round include Bain Capital Ventures, DRW Venture Capital, J.P. Morgan, the Euclid Opportunities fund of NEX Group…

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February 06, 2017 BY Valentina Kirilova

NEX Group replaces Per Sjöberg with Stuart Connolly as CEO of post trade tech unit TriOptima

NEX Optimisation, a NEX Group PLC (LON:NXG) business which helps clients reduce complexity and optimise resources across the transaction lifecycle, just announced that Per Sjöberg, Chief Executive Officer (CEO) of TriOptima, has decided to leave the business to pursue other ventures. Michael Spencer, CEO of NEX Group plc, said: We thank Per for all of…

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Integral reports rise in March volumes
January 15, 2017 BY LeapRate Staff

EBS BrokerTec CTO Viral Tolat faces jury trial after losing appeal on Integral source code and trade secrets

LeapRate Exclusive... LeapRate has learned that Viral Tolat, former CTO of FX technology products provider Integral Development Corporation and now CTO of rival EBS BrokerTec, a unit of NEX Group PLC (LON:NXG) (formerly known as ICAP plc), is facing a jury trial for misappropriation of source code taken from Integral to EBS, as well as breach…

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