04 December 2017
Reporter: Jenna Lomax

Nex sees EU and US repo boost

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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