In its full year results to March 31 2018, NEX Group’s trading performance benefited from an increase in trading activity in EU repos.
Michael Spencer, Group Chief Executive Officer, said in a statement that there’s been a rebound in European repo trading, and that NEX has been achieving continual record trading days in US repo.
Overall for the Group, while revenue increased, trading operating profit declined. Revenue increased by 9% on both a reported basis and a constant currency basis to £591 million (2016/17: £541 million), while trading operating profit decreased by 3% to £147 million (2016/17: £152 million).