NEX Group (Nex) has announced that its EBS BrokerTec business has been renamed Nex Markets, effective immediately.

Four business lines were created when Nex was launched on 30 December 2016: Nex Markets, Nex Optimisation, Nex Opportunities and Nex Exchange. 

EBS BrokerTec previously sat as a sub-brand within the Nex Markets business line. As a result of the rename, Nex will no longer use EBS BrokerTec and the entire business will be known as Nex Markets.  

The business will retain its current service names for its FX and fixed income platforms; EBS and BrokerTec.

CEO of Nex Markets, Seth Johnson, and his management team remain in place and retain their current titles under the Nex Markets brand.

Services included under the Nex Markets brand include: EBS Market, EBS Direct, EBS Select, EBS Institutional, BrokerTec Market, BrokerTec Direct, and Nex Treasury – which was previously known as EBS Treasury.