NEX Group

NEX Group is a technology-driven services company focused on enhancing global financial markets. It provides innovative solutions for trade execution and risk management, covering the entire trade lifecycle from pre-execution to post-execution. NEX offers a comprehensive portfolio of electronic trading platforms and lifecycle management services, which are designed to help clients optimize their portfolios, control risk, and reduce costs. By partnering with emerging technology firms, NEX aims to improve efficiency and deliver valuable analytics, pricing, and regulatory reporting solutions to a diverse client base. These offerings enable clients to make informed trading decisions and effectively navigate the complexities of today's financial landscape.

Michael Spencer

Founder and Group CEO

18 past transactions

Axoni

Series B in 2018
Axoni is a technology company specializing in real-time data replication solutions tailored for the financial industry. Established in 2017, it focuses on serving major financial institutions, including banks, asset managers, hedge funds, and market infrastructure firms worldwide, with offices located in New York and London. The company's platform facilitates the rapid and reliable deployment of critical financial networks, ensuring automated, real-time data replication among market participants. Additionally, Axoni develops distributed ledger software that integrates traditional financial technologies with blockchain capabilities, enhancing market information, trend analysis, and communication networks. This innovative approach allows financial entities to modernize their systems related to legal records, lifecycle events, and cash flow calculations, thereby improving operational efficiency and data management.

Cloud9 Technologies

Series B in 2018
Cloud9 Technologies, LLC is a cloud communications service provider that specializes in delivering high-performance voice, messaging, and collaboration solutions tailored for distributed workgroups and teams. Established in 2014 and headquartered in New York, the company offers several key products, including C9Trader, which provides a secure voice and messaging solution specifically designed for the institutional trading community. This platform enhances communication among traders while eliminating the complexities and costs associated with traditional telephone systems. Additionally, Cloud9 Technologies offers a voice transcription solution that converts speech from trading recordings into text, enabling firms to gain insights from their voice data. The company also features C9 Communities, which fosters connections among business teams and enhances collaboration. With regional offices in Singapore and the United Kingdom, Cloud9 Technologies operates as a subsidiary of JPMorgan Chase Holdings LLC.

Duco Technology

Series B in 2018
Duco Technology Limited is a data engineering technology company that specializes in developing software for data matching, reconciliation, and transformation. Its primary offering is Duco Cube, a cloud-based, no-code platform that empowers users to normalize, validate, and reconcile various types of data on demand, thereby enhancing data integrity and analytics. The company serves a diverse range of clients, including international banks, asset managers, hedge funds, exchanges, and corporate service providers. Founded in 2006 and headquartered in London, Duco has expanded its presence with additional offices in New York, Wroclaw, Luxembourg, Edinburgh, and Singapore. By providing a flexible solution that integrates with existing systems, Duco enables financial institutions to improve business agility, reduce risks, and maintain compliance with regulations, all while minimizing disruption to their IT architecture.

RSRCHXchange

Venture Round in 2017
RSRCHXchange is a London-based marketplace designed to modernize the procurement and management of institutional research. The platform, developed in consultation with asset management institutions and research providers, enables buy-side firms to access high-quality research efficiently and transparently, particularly in light of regulatory changes such as MiFID II. RSRCHXchange's cloud-based solution functions as a virtual library, allowing asset managers to track research consumption, evaluate content, and streamline the procurement process while ensuring compliance with global standards. By connecting research providers with a growing community of institutional buyers, RSRCHXchange enhances the efficiency of research transactions and supports analysts in focusing on producing insightful work. The company remains dedicated to continuous improvement of its platform through collaboration with the asset management and research communities.

OpenFin

Series B in 2017
OpenFin Inc. is a technology company that specializes in providing runtime solutions for financial desktops, facilitating the development and deployment of web applications in the financial services sector. Founded in 2010 and headquartered in New York, with an additional office in London, OpenFin enables applications to operate outside the browser, allowing for enhanced features such as real-time notifications, secure communications, and interoperability among various applications. Its platform is designed to meet the stringent security and compliance requirements of financial institutions, streamlining the app distribution process and eliminating costly packaging and deployment cycles. By offering a user experience akin to mobile operating systems, OpenFin enhances the functionality and efficiency of financial applications, ultimately supporting the needs of banks and financial services across the United States and Europe.

Abide Financial

Acquisition in 2016
Abide Financial is a market leader in global regulatory reporting solutions, Abide Financial manages transaction reporting for financial and non-financial counterparties in UK, Europe and beyond to help market participants meet MiFID, EMIR, REMIT and international reporting obligations. Since 2010, the firm has delivered proven technology and consultancy solutions to banks, brokerage houses, asset managers, retail trading execution platforms and hedge funds.

Cloud9 Technologies

Series A in 2016
Cloud9 Technologies, LLC is a cloud communications service provider that specializes in delivering high-performance voice, messaging, and collaboration solutions tailored for distributed workgroups and teams. Established in 2014 and headquartered in New York, the company offers several key products, including C9Trader, which provides a secure voice and messaging solution specifically designed for the institutional trading community. This platform enhances communication among traders while eliminating the complexities and costs associated with traditional telephone systems. Additionally, Cloud9 Technologies offers a voice transcription solution that converts speech from trading recordings into text, enabling firms to gain insights from their voice data. The company also features C9 Communities, which fosters connections among business teams and enhances collaboration. With regional offices in Singapore and the United Kingdom, Cloud9 Technologies operates as a subsidiary of JPMorgan Chase Holdings LLC.

OpenGamma

Series D in 2016
OpenGamma is an analytics company focused on reducing trading costs associated with derivatives by delivering actionable insights to front-office, risk, and treasury operations. Established in 2009, it leverages a deep understanding of central counterparty margin and capital models, combined with advanced cloud-based technologies, to enable derivatives users to identify hidden opportunities that enhance returns. The company serves a diverse global clientele, including leading financial institutions, clearing houses, banks, and buy-side firms. With a straightforward setup process, clients can quickly access recommendations that facilitate immediate cost savings in derivative trading. OpenGamma's team, based in London and New York, integrates expertise from quantitative analysis, software engineering, and practical finance, resulting in innovative products and insights tailored to industry needs. The platform also provides independent risk management services, aiding clients in minimizing balance sheet usage and making informed counterparty decisions, ultimately enhancing risk management and investment outcomes.

Huru

Seed Round in 2016
If you want to set up all your utilities for your home in minutes and be able to easily manage them from a single location, then HURU is the perfect service for you. HURU allows you to set up your energy, water, broadband and other services for your home in minutes. HURU will set up your accounts with suppliers, make sure you are getting the best value deals, and check your bills are accurate. Every month HURU will email you a single consolidated bill for all your utilities. If you live with house mates HURU can split your bills equally between each of you, and ensure that each house mate pays only for his/her portion. Using HURU means no more late payments, no more arguments with housemates about who pays what, and no more paper bills through the post!

ENSO Financial Analytics

Acquisition in 2016
ENSO Financial Analytics is a prominent provider of hedge fund services, focused on enhancing the communication and relationships between hedge funds and prime brokers. The company has developed an online data platform that delivers normalized data and advanced analytics to improve operational transparency and efficiency in trading processes. By offering intuitive, data-driven tools, ENSO empowers multi-prime hedge funds and asset managers to optimize costs and navigate complex regulatory environments. Its solutions facilitate better workflow and connectivity, enabling clients to derive actionable insights and maximize value in a competitive landscape.

Cloud9 Technologies

Seed Round in 2016
Cloud9 Technologies, LLC is a cloud communications service provider that specializes in delivering high-performance voice, messaging, and collaboration solutions tailored for distributed workgroups and teams. Established in 2014 and headquartered in New York, the company offers several key products, including C9Trader, which provides a secure voice and messaging solution specifically designed for the institutional trading community. This platform enhances communication among traders while eliminating the complexities and costs associated with traditional telephone systems. Additionally, Cloud9 Technologies offers a voice transcription solution that converts speech from trading recordings into text, enabling firms to gain insights from their voice data. The company also features C9 Communities, which fosters connections among business teams and enhances collaboration. With regional offices in Singapore and the United Kingdom, Cloud9 Technologies operates as a subsidiary of JPMorgan Chase Holdings LLC.

Digital Asset

Venture Round in 2016
Digital Asset is a New York-based company that specializes in distributed ledger technology aimed at enhancing financial processes. Founded in 2014 by Don Wilson, Eric Saraniecki, Sunil Hirani, and Yuval Rooz, the company provides a platform known as Daml, which allows organizations to create multi-party solutions that integrate previously isolated systems into cohesive networks. This technology eliminates latency and reduces errors by ensuring consistent data across various stakeholders. Digital Asset primarily serves sectors such as financial services, healthcare, and insurance, and has collaborated with five of the top ten stock exchanges. The company is supported by a range of strategic investors, including prominent firms like Salesforce, Samsung, and J.P. Morgan, positioning it as a leader in the development of tools for secure and efficient asset tracking and settlement.

Acadia

Venture Round in 2015
Acadia builds risk management that helps firms to financial risk and optimize resources. Their services include risk model development, risk analytics, finance, accounting, model risk management, model validation, open risk engine, and publications. They also provide financial modeling and planning. Their financial institutions help with risk model transformation.

ClientKnowledge

Acquisition in 2012
ClientKnowledge helps trading firms maximise the value of their franchise, in terms of client distribution.

OpenGamma

Series C in 2012
OpenGamma is an analytics company focused on reducing trading costs associated with derivatives by delivering actionable insights to front-office, risk, and treasury operations. Established in 2009, it leverages a deep understanding of central counterparty margin and capital models, combined with advanced cloud-based technologies, to enable derivatives users to identify hidden opportunities that enhance returns. The company serves a diverse global clientele, including leading financial institutions, clearing houses, banks, and buy-side firms. With a straightforward setup process, clients can quickly access recommendations that facilitate immediate cost savings in derivative trading. OpenGamma's team, based in London and New York, integrates expertise from quantitative analysis, software engineering, and practical finance, resulting in innovative products and insights tailored to industry needs. The platform also provides independent risk management services, aiding clients in minimizing balance sheet usage and making informed counterparty decisions, ultimately enhancing risk management and investment outcomes.

TriOptima

Acquisition in 2010
TriOptima, a NEX Group company, is the award-winning provider of OTC derivatives infrastructure services including triReduce and triResolve, and the Global OTC Derivatives Interest Rate Trade Reporting Repository (Rates Repository). triResolve is a network community service for counterparty exposure management for OTC derivatives including portfolio reconciliation and dispute resolution. Used by global dealers, regional banks and buyside firms, triResolve's portfolio reconciliation service currently handles 6 million trades representing over 85% of all non-cleared OTC derivative transactions globally. triReduce, the portfolio compression service for OTC derivative dealers, pioneers technology that eliminates risk and reduces operational and capital costs. Serving over 150 bank and non-bank subscribers worldwide including the major local and global dealers in derivatives, triReduce is a critical tool for maintaining post trade processing efficiency. TriOptima maintains offices in London, New York, Singapore, Stockholm, and Tokyo. Specialties: Operational and credit risk mitigation Early termination and portfolio compression Counterparty exposure management Portfolio reconciliation

Traiana

Acquisition in 2007
Traiana, Inc. specializes in pre-trade risk and post-trade processing solutions for financial institutions, including banks, broker/dealers, and buy-side firms globally. Established in 2000 and headquartered in New York, the company offers a range of services designed to automate and streamline trading operations. Its Harmony network provides connectivity and processes trades across various asset classes such as foreign exchange, equities, and derivatives. Traiana's offerings include CCP Connect for trade registration and regulatory compliance, ClientLink for trade lifecycle automation, and Access Fintech for risk management. Additionally, the company features Margin Center for margin monitoring, NetLink for aggregating retail FX trades, and TR Connect for trade reporting. Traiana also provides essential support services, including system integration and training. As a subsidiary of CME Group, Traiana has established a substantial network that connects over 50 prime brokers and numerous hedge funds, enhancing efficiency in post-trade processing across the financial sector.

EBS Group Limited

Acquisition in 2006
EBS is develops software for the foreign exchange trading solutions to the interbank spot foreign exchange and metals trading communities.
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