NEX Group receives CFTC registration for NEX SEF Limited
20 April 2017
NEX SEF supports EBS customers trading on-SEF NDFs
London, New York, 20 April 2017 – NEX Group plc (“NEX”) (NXG.L), a financial technology company at the centre of global markets, announces today that it has received approval from the Commodity Futures Trading Commission (CFTC) for NEX SEF Limited (“NEX SEF”), a new Swap Execution Facility (“SEF”).
NEX SEF will allow customers to trade Non-Deliverable Forwards (NDFs) on the EBS Market platform. The new SEF is expected to have on-boarded customers and be live for trading in the second quarter of financial year 2017/2018. NEX SEF will serve as a platform that can be used to launch additional products in the future.
EBS – part of NEX Markets- provides electronic trading technology and services to the foreign exchange market.
Seth Johnson, CEO of NEX Markets, said: “NEX is committed to providing our customers with a full range of market-leading execution facilities to ensure that they can trade in whatever environment is most appropriate to them based on their regulatory requirements or specific customer needs. NEX SEF offers regulatory compliant and technically efficient trading of NDFs.”
For more information, please refer to www.nexsef.com.
Bryony Scragg, NEX
+44 (0) 20 7818 9689
Casey Sheets, NEX (US)
+1 917 915 3254
Rebecca Mitchell, Maitland
+44 (0) 20 7379 5151
NEX Group plc offers customers better ways to execute trades and manage risk. Our products and services underpin the entire trade lifecycle pre-, during and post-execution. Our electronic trading platforms are industry standards. Customers use our lifecycle management and information services to optimise portfolios, control risk and reduce costs. We partner with emerging technology companies to bring greater efficiency, transparency and scale to the world’s capital markets. NEX is headquartered in London with offices worldwide. NEX. Empowering markets. For more information, go to www.nex.com