- NEX Group says its Q3 revenue rose 11% on a like-for-like (LFL), constant currency basis, and was up 26% on a LFL, reported basis.

However, the company noted muted volumes in January and said its paramount focus was on achieving medium-term growth while maintaining a strong cost discipline.

Michael Spencer, CEO of the financial technology company, said NEX benefited from an increase in trading activity after US President Donald Trump's election victory.

This was as market participants considered the impact of potential policy changes on bond and foreign exchange markets, said Spencer in a statement.

"Both of our electronic platforms, BrokerTec and EBS, performed robustly under heightened volumes, providing our customers with non-stop access to liquidity," he added in the trading update for the quarter to Dec. 31, 2016.

"However it is still too early to assume with any confidence that the previous and prolonged period of subdued market conditions has come to a permanent end; indeed volumes in January were generally more muted."

Spencer said that, via financial technology investment business NEX Opportunities, the company had recently acquired Abide Financial, which has joined NEX Optimisation.

This followed the addition of ENSO earlier in the year and builds on the strategy of growing the NEX Optimisation ecosystem by adding new services across the transaction lifecycle for customers and generating growth for shareholders.

"Looking ahead, we will continue to leverage our competitive advantages, namely our networks, industry expertise and track record of delivering superior products," said Spencer.

"Our focus on medium-term growth while maintaining a strong cost discipline across the Group remains paramount."

Story provided by