Nex sees EU and US repo boost
04 December 2017 London
Image: Shutterstock
Nex Group reported a 25 percent increase to its European repo activity, which now stands at 鈧�240.4 billion year to date, up from 鈧�193.0 billion over the same period in 2016.
EU repo activity for November reached 鈧�241.1 billion, matching its volumes for the month before.
Nex Group also recorded a 5 percent increase to its US repo activity year on year for November, which now stands at $252.6 billion, up from $240.1 billion.
Last month鈥檚 US repo activity increased by 2 percent month on month, up from $247.5 billion in October.
Nex鈥檚 positive market volume results come after Nex Regulatory Reporting received approval from the European Securities and Markets Authority to become a trade repository under the European Market Infrastructure Regulation.
The trade repository, which will be based in Stockholm, Sweden, will prepare Nex for its trade operations post-Brexit.
EU repo activity for November reached 鈧�241.1 billion, matching its volumes for the month before.
Nex Group also recorded a 5 percent increase to its US repo activity year on year for November, which now stands at $252.6 billion, up from $240.1 billion.
Last month鈥檚 US repo activity increased by 2 percent month on month, up from $247.5 billion in October.
Nex鈥檚 positive market volume results come after Nex Regulatory Reporting received approval from the European Securities and Markets Authority to become a trade repository under the European Market Infrastructure Regulation.
The trade repository, which will be based in Stockholm, Sweden, will prepare Nex for its trade operations post-Brexit.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities 麻豆影视传媒 Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities 麻豆影视传媒 Times
