NEX Group rebrands fixed income and FX platforms

NEX Group renames EBS BrokerTec business to align with rebrand.

NEX Group’s fixed income and foreign exchange (FX) electronic trading business, EBS BrokerTec, is to be renamed NEX Markets.

NEX Markets will retain its current services for FX and fixed income trading, the management team remain in place and Seth Johnson will continue as CEO of NEX Markets.

The rebrand is part of the Group’s wider rebrand which began late last year.

ICAP became NEX Group immediately following the completion of the sale of its global hybrid voice broking business to Tullett Prebon, transferring the ICAP name.

The new group is focused entirely on electronic markets and the post-trade business and has four segments, NEX Markets, NEX Optimisation, NEX Opportunities and NEX Exchange.

Commenting on the rebrand, Michael Spencer, CEO of ICAP at the time, said: “NEX Group will be a fast moving, entrepreneurial pure electronic and post trade leader, well positioned for growth.

“We wanted a name to truly reflect this and which was truly global. NEX Group does this. I am very excited about our new name and very excited about the future.”