2nd Oct 2018 13:48
LONDON (Alliance News) - NEX Group PLC on Tuesday posted a year-on-year drop in US Treasury and Repo volumes, but a rise in European Repo volumes, for the month of September.
The company, which provides electronic trading platforms, recorded US Treasury average daily volumes of USD147.3 billion for September, down from USD160.1 billion a year ago.
On a month-on-month basis, average daily volumes of US Treasury were up 15% and year-to-date September US Treasury volumes were down 1% to GBP163.7 billion.
Average daily volumes of US Repo were down 4% year-on-year for the month to USD225.9 billion from USD236.4 billion, whereas on a month-on-month basis they were up 4%. Year-to-date US Repo volumes were up 8% at USD242.0 billion.
European Repo average daily volumes for September grew 10% year-on-year to EUR269.1 billion from EUR244.5 billion. Year-to-date they were up 19% and 3% higher on a month-on-month basis.
Spot FX average daily volumes for the month were down 12% year-on-year at USD86.1 billion.
Shares in NEX Group were up 0.5% at 1,014.00 pence on Tuesday.