NEX Group
TP Icap sues Nex over disclosure of probes into swaps, ‘cum-ex’ trading
TP Icap says Nex did not mention a US-UK probe into swaps trading and its exposure to the German cum-ex scandal at the time of their 2016 deal
Michael Spencer: ‘Politics in this country is not corrupt’
The City legend on why he’s backed six Conservative candidates, his fearsome reputation and when to buy ‘the s**t out of’ sterling
6 min read
CME makes senior management changes at trading group Nex
The world’s largest exchange bought Nex Group for £4bn last year
1 min read
How finance learned to love Nex-backed Duco — and the cloud
Co-founder and CEO Christian Nentwich on the fintech company’s quest to move banks off their ageing platforms
5 min read
BNY Mellon hires government affairs boss from CME Group
Ben Pott, who is known for his expertise on a range of EU trading rules, will be based in Frankfurt
2 min read
Tradeweb chief wants to create Amazon for bonds
Lee Olesky and his rivals have helped move fixed income trading away from the phone but there is ample room for growth
6 min read
NEX fined $50m for part in rate-rigging scandal
Michael Spencer's firm punished for its part in banks’ attempts to manipulate the IsdaFix benchmark
2 min read
UK antitrust regulators launch inquiry into CME-NEX deal
The Chicago exchange giant agreed to by Michael Spencer's trading outfit for £3.9bn in March
1 min read
NEX hires London executive to chase hedge fund business
Michael Spencer's group has been investing in sales and marketing for its post-trade division
1 min read
Spencer’s NEX ramps up cost cuts ahead of CME takeover
CEO Michael Spencer reaffirms stance that gender-pay gap reviews are 'fundamentally misleading'
2 min read
CME plans hundreds of job cuts after £3.8bn NEX takeover
City veteran Michael Spencer to join CME board but around 750 staff could be slashed from combined workforce
NEX confirms £3.8bn takeover proposal from CME
Talks are at an advanced stage but the US exchange is yet to make a formal offer
New York hedge fund reveals stake in Spencer’s NEX Group
News comes as the market waits to see whether CME Group will bid for the financial trading and technology provider
Michael Spencer’s NEX confirms takeover interest from CME
The potential acquisition target said talks are
Michael Spencer favours Brexit rollback of ‘over-engineered’ Mifid II
City grandee does not want to see more pages added to the long and complex rulebook
2 min read
How Brexit could trigger the arrival of Mifid III
The advent of Brexit fundamentally challenges the transparency objectives in Mifid II, which in turn may necessitate a speedy rewrite of the rules
3 min read
Higher spending hits profits at Spencer’s NEX Group
Michael Spencer's trading and technology firm issued a profit warning in October
1 min read
NEX Group replaces head of key post-trade business
Move comes two weeks after the group warned of a profit squeeze at its optimisation division
2 min read
Spencer’s NEX warns of profit squeeze as it invests ahead of Mifid II
Trading and technology firm will report its first-half results next month — its first since it was created late last year
2 min read