NEX Group

158 results about this entity

Period: 21 Sep 2004 - 05 Jul 2019

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Currency players combine to manage 'flash crash' risks

Currency players combine to manage 'flash crash' risks

The world's leading foreign exchange dealers and trading platforms are collaborating on an industry-wide initiative to reduce the risk of an algorithmic-led 'flash crash' hitting the global currency markets.

Icap launches fintech incubation vehicle

Icap launches fintech incubation vehicle

Interdealer broker Icap has launched a vehicle to provide seed funding to new companies developing technology for post-trade risk management, data and other financial market applications.

LCH.Clearnet rejects ICE bid reports

LCH.Clearnet rejects ICE bid reports

LCH.Clearnet has refuted an unsourced report in UK broadsheet The Guardian that claimed it had rejected a $400 million bid from InterContinentalExchange.

Icap to launch MTF for interest rate swaps

Icap to launch MTF for interest rate swaps

Inter-dealer broker Icap is to launch an electronic market for trading Euro interest rate swaps, with support from market makers Barclays Capital, Deutsche Bank and JPMorgan.

Dealerweb to take on Icap and BGC in electronic T-bill trading

Dealerweb to take on Icap and BGC in electronic T-bill trading

Bank-backed inter-dealer broker Dealerweb plans to take on Icap and BGC partners with the launch of electronic trading of US Treasury bills, according to a report in BusinessWeek.

Icap shares slump on profit warning; announces acquisition of TriOptima

Icap shares slump on profit warning; announces acquisition of TriOptima

Shares in Icap slumped Friday morning as the company cut its forecasts and warned that new businesses are struggling to attain profitability. The UK interdealer broker also announced an agreement to acquire the outstanding shares in Swedish post-trade fintech venture TriOptima for an initial EUR109 million in cash.

BM&FBovespa hires Cathryn Lyall to lead new London office

BM&FBovespa hires Cathryn Lyall to lead new London office

Brazil's BM&FBovespa has hired former Icap executive Cathryn Lyall to head up its new London office, from where the exchange plans to build up a presence in Europe, the Middle East and Africa.

Icap pays $25 million SEC penalty to cover fake trading charges

Icap pays $25 million SEC penalty to cover fake trading charges

Interdealer broker Icap is to pay $25 million in settlement to the US Securities and Exchange Commission over charges that it displayed fake trades on its screens to encourage customer dealing.

Icap hires Beeston to spearhead post-trade expansion

Icap hires Beeston to spearhead post-trade expansion

In line with its ambitions to expand into the trade processing arena, interdealer broker Icap has appointed Mark Beeston to the newly-created post of business development director for post-trade services.

Three more banks join CLS/Icap FX joint venture

Three more banks join CLS/Icap FX joint venture

Bank of America, Credit Suisse and Morgan Stanley have joined four other founder banks in supporting the CLS/Icap joint venture to provide trade aggregation services in the over-the-counter FX market.

LCH.Clearnet rebuff's Icap-led takeover approach - Reuters

LCH.Clearnet rebuff's Icap-led takeover approach - Reuters

LCH.Clearnet last month rejected a takeover offer from an Icap-led consortium due to concerns about the business plan, according to a report from Reuters citing "two people familiar with the matter".

LCH.Clearnet looks to deal with bidding consortium

LCH.Clearnet looks to deal with bidding consortium

LCH.Clearnet has responded to last week's EUR830 million offer from a consortium of banks and Icap by indicating its willingness to interweave elements of the bid with its own restructuring plans. Meanwhile, the clearing house is also set to restructure its technology platform in a bid to save millions of euros a year.

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