Nex Group
Cartel lawyers zoom in on government witness
They claim their clients are entitled to understand precisely what the government did to mitigate such risks for its witness
Hold times collapse on EBS Direct as LPs cut last look
Hold times down 67% and reject rates drop to 3.15%, as FX Global Code of Conduct forces liquidity providers to step away from last look
Nex Infinity DLT could go live this quarter – Choussy
The DLT element is ready from a technical perspective
CME shifts FX options expirations in step with OTC
Latest move by exchange to make FX offering more harmonised and engaged with over-the-counter space
Nex and JBond launch first Japanese repo index
Index will help investors measure the effective cost of funding for Japanese government bonds
Nex revenues rise in Q1 2018
The firm reports 7% rise in first quarter of fiscal year and confirms CME transaction on track
Nex eFix adds Bloomberg benchmarks
Nex chief Seth Johnson says the platform has seen significant customer demand for BFix rates
Nex Treasury’s Meadows to retire, McHugh to take over
State Street’s Peter McHugh will join Nex to take up the mantle
Tolat becomes TradAir chief executive
Viral Tolat, former CTO of EBS and Integral, becomes chief executive of the technology firm
triReduce enhances compression
The firms says the new Trade Revision functionality can improve compression efficiency by up to 50%
Mike O’Hara joins Nex in buy-side role
O’Hara previously worked at Icap’s Truequote as head of sales
More than 100 participants commit to FX Global Code
Global Foreign Exchange Committee plans to launch Global Index of Registers before June meeting
FX volumes dip in March
But trading activity on most platforms remains strong year on year
Stater Global Markets broadens trading venue choice
Clients can now access liquidity from Cboe and FastMatch
TriReduce CLS FX expands compression service to third parties
All market participants can now take advantage of the compression benefits
Boards approve CME’s £3.9bn offer for Nex
The boards of the two firms give unanimous green light to cash-stock transaction
Shell is first corporate on FX Global Code public register
Shell signs up to the code of conduct, stating its practices align with the 55 principles
Nex and CME confirm talks
CME Group considers acquisition of Nex, with decision due by April 12
Nex and CFETS launch renminbi Clob
FX2017 allows anonymous execution on a central pool of liquidity and a public reference point for CNY pricing
Nex’s Cartledge: we’re not asking anyone to pay in advance
EBS Direct to raise brokerage fees following analytics suite launch and single-ticket execution upgrade
Sigelbaum joins TR to lead FXall
Jill Sigelbaum replaces John Cooley, who left Thomson Reuters in November
Spiteri joins 360T
Lisa Spiteri started her new role on January 15, switching from Nex-owned EBS, where she worked for more than 13 years
Connors swaps FX Connect for Nex
Client acquisition and retention is key part of her responsibilities
Nex: more data and better analytics in 2018
This will lead to better execution outcomes for clients