NEX Group Relocating Offices in London, New York

NEX Group plc, a financial technology company helping integrate banks, asset managers, and global hedge funds, will be relocating its New York and London offices, per a transition for the group.

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Beginning as early as the end of the month, NEX Group’s core business in New York – in particular the group will relocate to new offices at 4 Times Square, representing its new basis of operations in the city. The office will effectively aggregate all of NEX's New York businesses in one cohesive location, allowing for closer proximity to its client base.

Office Space

The move to its new office comes at a critical juncture for NEX Group, given its ongoing negotiations with Ashurst, regarding the leasing 115,000 square feet of office space in the London Fruit and Wool Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term for its new London headquarters. The relocation would be noteworthy given the group had been based out of its Broadgate office for more than thirteen years – unlike its New York operations, NEX’s move to the London Fruit and Wool Exchange is slated to take place in only in 2019 however.

According to Jenny Knott, Chief Executive Officer of NEX Optimisation, in a statement on the office changes, “Like NEX, the London Fruit and Wool Exchange has undergone a transformation since its origins as London’s pre-eminent goods market. NEX is a financial technology business so we are really excited to be moving closer to a technology and commercial Hub Hub A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method Read this Term which aligns more closely with the NEX brand, and which provides the highest quality space for our employees.”

“The birth of NEX signals the start of a new brand, a new beginning and a wealth of new opportunities. I am really looking forward to working in our new offices which perfectly capture our new direction. A pure technology solutions based company who stay close to their clients,” added Seth Johnson, Chief Executive Officer of EBS BrokerTec, in an accompanying statement.