NEX Asset Profile

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Year established

1999

Location

London UK

Primary Industry

Financial Services

About

Based in London, UK, and founded in 1999 by Michael Spencer, NEX Group plc, dba NEX, formerly known as ICAP plc, is a fintech company that operates as a provider of an online trading platform and software solution to support brokers during transactions. The company, initially formed as Garban-Intercapital plc (the result of a merger between Garban plc and Intercapital plc), changed its name to ICAP plc in 2001, and eventually, in December 2006, the firm was renamed NEX Group plc. As of June 2018, the company had 1,900 employees, and the firm’s shares were traded on the London Stock Exchange (LSE) under the ticker symbol NEX, until it was acquired by CME Group (Nasdaq: CME) in November 2018 for USD 5.5 billion. The company provides financial platforms, resources, and tools to help enterprise clients enhance their trades while minimizing the risks. The firm’s products and services cover the entire trade-life cycle, ranging from start to processing, and post-execution stages. Nex also assists clients in better managing their portfolios and minimizing costs as well as the associated risks.

Primary Industry

Financial Services

Sub Industries

Brokerages, e-Financial, Web Applications, Accounting/Finance Software

Website

www.nex.com

Verticals

FinTech

Total Amount Raised

Subscriber access only

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