Trading

Michael Spencer sets out vision for NEX Group

Trading veteran gives details for reshaped Icap after sale of voice-broking operations

Michael Spencer
Michael Spencer

Michael Spencer has set out his vision for NEX Group, the rebranded and reshaped Icap, as a capital-light, high-margin business that will boost tech spend in its post-trade businesses.

NEX Group will be the new name for Icap, the firm Spencer founded 1986, after its voice broking business is sold to Tullett Prebon.

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