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NEX Group provides critical infrastructure to global financial markets, specializing in electronic trading and post-trade services for financial institutions. The company’s platforms facilitate efficient execution across a range of asset classes, including operating BrokerTec for treasuries and EBS for foreign exchange markets. Its core offerings focus on inter-broker dealing, trade matching, and settlement solutions, enabling institutional clients to manage risk and streamline operations within complex market environments.
The company emerged in 1999 from the merger of Garban plc and Intercapital plc, initially operating as Garban-Intercapital plc. Michael Spencer founded Intercapital plc in 1986, establishing a significant presence in the broking industry before the subsequent consolidation. The entity was later rebranded as ICAP plc in 2001, reflecting its evolving market position, and then became NEX Group plc in December 2016, with Michael Spencer serving as Group CEO, guiding its strategic direction.
Serving a wide array of financial institutions, NEX Group offers essential tools for liquidity, data, and risk mitigation. Its products are utilized by banks, brokers, and investment firms seeking robust and reliable market access. The company's vision centered on enhancing efficiency and transparency across global financial workflows, consistently innovating its technology to support the evolving demands of the institutional trading landscape.
NEX Group has 2 tracked investments across 2 companies. The latest tracked deal is $14.0M Series B in Cloud9 Technologies in July 2018.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jul 31, 2018 | Cloud9 Technologies | $14.0M Series B | Kester Keating | J.P. Morgan |
| May 1, 2017 | Axoni | $20.0M Series A | Euclid Opportunities, ICAP | F Prime Capital, Andreessen Horowitz, Citi, Digital Currency Group, F Prime Capital, Goldman Sachs, J.P. Morgan, Thomson Reuters, Wells Fargo, FinTech Collective |