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BRIEF-NEX Group first-quarter revenue rises
July 12, 2017 / 6:24 AM / 4 months ago

BRIEF-NEX Group first-quarter revenue rises

July 12 (Reuters) - NEX Group Plc

* Trading statement Q1

* Nex group plc says Q1 group revenue up 10 pct on a constant currency basis

* Despite ongoing low volatility and a flat yield curve, financial markets have started long and slow journey to more normalised conditions

* “Seeing interest rate rises in us and early signs of improved economic conditions in europe”

* NEX markets revenue increased by 11 pct on a constant currency basis, 20 pct on a reported basis for Q1

* NEX Optimisations revenue increased by 8 pct on a constant currency basis, 19 pct on a reported basis for Q1

* Since start of year, FX volatility has waned, especially in G3 currency pairs despite federal reserve increasing rates

* Average daily volume on ebs decreased by 3 pct to $80 billion since the start of the year

* Average daily volume on EBS direct was flat at $21 billion in Q1 Source text for Eikon: Further company coverage:

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