NEX : subsidiary reaches ISDAfix settlement

NEX Group subsidiary reaches ISDAfix settlement with CFTC

London, 19 September 2018, NEX Group plc ('NEX') (NXG.L) today announces that it has reached a settlement with the U.S. Commodity Futures Trading Commission ('CFTC') as part of an industry-wide investigation into the setting of the US Dollar ISDAfix benchmark. This relates to a NEX subsidiary company Intercapital Capital Markets LLC ('Intercapital').

Under the settlement Intercapital will pay a civil monetary penalty to the CFTC of $50 million.

In the settlement order the CFTC notes Intercapital's co-operation throughout, allowing them to undertake their investigation efficiently and effectively.

The underlying CFTC investigation had been ongoing for a number of years and NEX is pleased to have brought this matter to a conclusion.

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NEX GROUP PLCoffers customers better ways to execute trades and manage risk. Our products and services underpin the entire trade lifecycle pre-, during and post-execution. Our electronic trading platforms are industry standards. Customers use our lifecycle management and information services to optimise portfolios, control risk and reduce costs. We partner with emerging technology companies to bring greater efficiency, transparency and scale to the world's capital markets. NEX is headquartered in London with offices worldwide. For more information visit www.nex.com