CME to Keep BrokerTec, EBS, Traiana & TriOptima Brands The CME Group as expected has completed all the steps for the acquisition of NEX Group, first announced in March, but will discontinue the NEX branding while keeping the names for the mark1ets and “Optimisation” businesses such as BrokerTec, EBS, Traiana and TriOptima. “The combined company… Read More >>
CME Group to Buy NEX Group for $5.5 Billion
Derivatives exchange operator CME Group Inc. is set to acquire NEX Group plc for an estimated $5.5 billion and, if all goes well, the combined provider of transaction processing across futures, cash and over-the-counter (OTC) instruments will be able to offer many post-trade capabilities beyond clearing services. The CME Group encompasses: CME Clearing; the Chicago… Read More >>
NEX Optimisation CEO to Leave as Division Revamps
Global COO Ken Pigaga to Be New CEO of NEX Optimisation Jenny Knott, the CEO of the NEX Optimisation post-trade division of NEX Group, is stepping down from her post as the division undergoes a restructuring, according to NEX Group officials. In addition, Ken Pigaga, global chief operating officer (COO) of NEX, has been appointed… Read More >>
NEX Group Launches PIVOT for Collateral Management
Financial technology company NEX Group has launched PIVOT, a tool for cash and collateral management, and treasury and portfolio finance functions that connects NEX’s ENSO Core platform to NEX Treasury, a cash and foreign exchange (FX) liquidity management hub. ENSO Core is described as a treasury, counterparty risk and portfolio financing workflow platform that helps… Read More >>
Vendor 3di Hires Specialist from BNP Paribas
IPUG Vet to Lead RegTech Effort at 3di 3d innovations (3di), a data management software and services vendor serving buy- and sell-side firms, has hired market data specialist John Ikel from BNP Paribas to drive its main consulting and product unit for data governance, vendor officials say. Hiring Ikel is part of “a natural restructuring… Read More >>
NEX Optimisation Shakes Up Business, Senior Managers
Post-trade solutions provider NEX Optimisation has just completed a major reorganization of its business operations and senior management to keep up with the evolving challenges and requirements of its client base, officials say. For the restructure, NEX Optimisation has launched what it describes as five new “solutions pillars” that are based upon NEX offerings TriOptima,… Read More >>
Torstone Hires from FIS, Broadridge for European Foray
Torstone Reports More Demand in Europe Torstone Technology, a provider of post-trade securities and derivatives processing, reports the appointment of Paul Phillips as head of European sales and Paul Mundy as product manager, both based at the firm’s London headquarters. These appointments are a response to “increased demand among Torstone’s client base who are required… Read More >>
Broadridge Hires CMO from Grayscale Investments
New CMO to Lead Global Strategies for Broadridge Broadridge Financial Solutions has appointed Deborah A. Bussière as global chief marketing officer (CMO), effective May 8, a post that she held at Grayscale Investments, officials say. In her role, Bussière will direct Broadridge’s global marketing functions, including execution of the company’s brand strategy, product marketing efforts,… Read More >>
NEX Exchange Names TriOptima COO to Board
NEX Exchange Names TriOptima COO to Board NEX Exchange, the U.K. stock exchange for small and medium companies formerly known as ISDX, reports that it has appointed Mireille Dyrberg to its board as a non-executive director. The exchange, which also had an incarnation as PLUS Markets, is part of the NEX Group, previously known as… Read More >>
ICAP to Rebrand, Sell Broking Unit to Tullett Prebon
ICAP plc, a London-headquartered markets operator, interdealer broker and provider of post-trade risk mitigation and information services, intends to rebrand as a fintech-focused company and rename itself following the completion of the agreement to sell its hybrid voice broking and information business to interdealer broker Tullett Prebon. The deal is expected to close before the… Read More >>
