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NXG Nex Group

1,129.00
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Nex Group LSE:NXG London Ordinary Share GB00BZ02MH16 ORD 17.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,129.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Virtu to Sell Electronic Bond Trading Platform

02/08/2017 12:04am

Dow Jones News


Nex Group (LSE:NXG)
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By Alexander Osipovich 

Electronic trading firm Virtu Financial Inc. is moving to sell BondPoint, the fixed-income trading platform it took over last month when it completed its acquisition of KCG Holdings Inc., a person familiar with the situation said.

The sale could raise at least $400 million for Virtu, the person said. Firms that have expressed interest include Deutsche Börse AG, Intercontinental Exchange Inc., MarketAxess Holdings Inc., Nasdaq Inc., NEX Group Plc and Tradeweb Markets LLC, the person said. All six firms declined to comment.

News of Virtu's plans to sell BondPoint was earlier reported by Bloomberg.

BondPoint is an electronic trading venue for corporate, municipal, government agency and other bonds. In 2016, an average of $201.7 million in par value worth of bonds was traded daily on BondPoint, up more than 40% from the year before, according to regulatory filings.

Write to Alexander Osipovich at alexander.osipovich@dowjones.com

 

(END) Dow Jones Newswires

August 01, 2017 18:49 ET (22:49 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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