NEX Group plc announces that on 10 March 2017 a judge dismissed two US LIBOR class action cases – the Sonterra Yen LIBOR class action and the Laydon Yen LIBOR class action – in which ICAP plc and/or ICAP Europe Limited were among the defendants.
NEX Optimisation, which helps clients simplify complexity and optimise their resources, announces the launch of NEX Regulatory Reporting. Led by Collin Coleman and powered by Abide Financial, NEX Regulatory Reporting brings together a suite of best-in-breed services under a single umbrella to offer clients an extremely powerful and versatile reporting solution.
Each month NEX publishes average daily volume data in selected products. The volume figures cover electronically traded products - spot foreign exchange, US Treasury products, European and US repo products.
NEX Optimisation, which helps clients reduce complexity and optimise resources across the transaction lifecycle, announces today that it has launched NEX Reg, a new think tank focused on regulatory and market structure issues.
NEX Exchange, a NEX Group business which operates a regulated, UK stock exchange for small and medium companies, announces today that it has appointed Mireille Dyrberg to its Board as a Non-Executive Director.
NEX Group plc, announces that on 21 February 2017 the United States District Court in the Southern District of New York dismissed two entities which formed part of the ICAP Group (ICAP plc and ICAP Europe Limited) from a class action case brought by various investors who alleged manipulation of the Euro Interbank Offered Rate "Euribor".
Abide Financial 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.
CLS Group (CLS) and TriOptima announce today that counterparties have eliminated USD1 trillion in gross notional value from their outstanding FX forward and swap portfolios using the triReduce CLS FX Forward Compression Service.