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NEX Group PLC  -  NXG   

Trading Statement

Released 07:00 11-Jul-2018

RNS Number : 2291U
NEX Group PLC
11 July 2018
 

NEX Group plc - Trading Statement

·   Q1 Group revenue up 7% on a constant currency basis

·   Transaction with CME - on track

London, 11 July 2018 - NEX Group plc ("NEX") (NXG.L), a financial technology company at the centre of global markets, announces its trading statement for the period from 1 April 2018 to 30 June 2018 ahead of its Annual General Meeting today.

Michael Spencer, Group Chief Executive Officer of NEX, said: "We've seen a solid start to the year with episodic volatility driving volumes across the EBS and BrokerTec platforms and increased demand for our products and services from TriOptima and Reset.  As previously outlined, the transaction with CME remains on track to complete in the second half of the current calendar year."

Group revenue for the first quarter to 30 June 2018 increased by 7% on a constant currency basis (3% on a reported basis) benefitting from divisional performance and FX hedges. NEX Markets revenue increased by 2% on a constant currency basis (decreased by 2% on a reported basis) as the phasing of the CFETS revenue recognition held back revenue growth. NEX Optimisation's revenue increased by 7% on a constant currency basis (4% on a reported basis) during the first quarter compared to the same period last year.


Contact



Alex Dee

Bryony Bushnell

Neil Bennett/ Joanna Davidson

Head of Investor Relations

Head of Media Relations

Maitland

+44 (0)20 7050 7420

+44 (0)20 7818 9689

+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. For more information, go to www.nex.com .

 


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Trading Statement - RNS