NEX Group Plc – Trading Statement

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.