Nex sees EU and US repo boost 04 December 2017London Reporter: Jenna Lomax
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Nex Group reported a 25 percent increase to its European repo activity, which now stands at €240.4 billion year to date, up from €193.0 billion over the same period in 2016.
EU repo activity for November reached €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’s US repo activity increased by 2 percent month on month, up from $247.5 billion in October.
Nex’s 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.
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