Shares of NEX Spike 8% Higher after Upbeat 2018 Guidance
Posted: Wed Jan 31, 2018 9:34 am
The massive spike in FX volatility in the first month of 2018 has prompted NEX Group to post an upbeat guidance for the year. The company’s CEO Michael Spencer explicitly mentioned foreign exchange as a key driver but cautioned about the lack of clarity whether the multi-year trend of low FX vol has finally come to an end.
The company published a trading statement today, outlining key growth metrics for the firm in the third quarter of its fiscal year that ended on the 31st of December 2018. The company will be posting its full-year results on there 22nd of May ... (read more)