FCA regulated Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (LON:LCG) has announced that effective today its shares will be listed on the NEX Exchange Growth Market. LCG shares will also continue to be listed on London Stock Exchange's AIM. The NEX Exchange Growth Market, or "the other London stock exchange", is operated by NEX…
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NEX Data operates within the NEX Optimisation unit of NEX Group PLC (LON:NXG), has announced that it has launched a series of US Treasury Benchmarks to provide enhanced transparency and pricing information to the US Treasuries market. The new benchmarks will be published at 11am, 3pm, 4pm and 5pm in the New York trading day and…
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Electronic trading firm NEX Group PLC (LON: NXG) has reported its results for the first half of Fiscal 2018 (for the six month period to September 30, 2017, fiscal year-end is March 31, 2018), indicating healthy continued Revenue growth in some of the company's key units, including its Forex ECN unit, EBS. However profits were down,…
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NEX Group PLC (LON:NXG)’s post trade division NEX Optimisation announced today that it has introduced capital valuation adjustment (KVA) analytics to its triCalculate XVA (Valuation Adjustment) service. KVA calculations determine the lifetime costs of capital as part of the pricing of an OTC derivative. Pricing trades correctly is critical to ensuring accurate credit risk, counterparty…
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NEX Group (LON:NXG), a financial technology company at the centre of global markets, announced today it has signed a Statement of Commitment to adopt the principles of the FX Global Code across its EBS FX trading platforms and NEX Optimisation services. NEX announced the signing of the Statement of Commitment and introduced a new NEX…
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LeapRate Exclusive... He's back in the FX game again. After more than two years out of the business, LeapRate has learned that seasoned FX industry executive Francisco Heredia has joined State Street Corp (NYSE:STT), as a Managing Director with State Street's Global Link trading services in Boston. Global Link, or more formally State Street Global Markets, provides specialized…
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NEX Group PLC (LON:NXG)’s post trade division NEX Optimisation just announced that it has provided central clearing connectivity for its FX risk mitigation service in non-deliverable forwards. The clearing connectivity capability enables dealers to flag trades that are part of a risk mitigation cycle for automatic submission to a central counterparty clearing house (CCP). Clients…
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NEX Group PLC (LON:NXG)'s post trade division NEX Optimisation announced today that Baton Systems, a high-speed payments infrastructure provider, has joined NEX Infinity as the first third party to provide its services through the platform. The news comes only a day after NEX Optimisation's "significant restructure" announcement. NEX Optimisation and Baton have been working in…
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Electronic trading network operator NEX Group PLC (LON:NXG) has announced that it is undertaking what it calls a "significant restructure" of its post trade division NEX Optimisation, which will see the departure of CEO Jenny Knott. Jenny Knott joined ICAP, now NEX, in August 2015 with a strategic mandate to transform the company's portfolio of post trade, risk…
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NEX Group plc (LON:NXG), a financial technology company at the centre of the global markets, announced today that it has launched PIVOT, a new cash and collateral movement workflow tool which enables clients to make cash movements and money market sweeps. Through the partnership between NEX Optimisation and NEX Markets, PIVOT connects the ENSO Core…
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