May 22, 2018 / 6:41 AM / 3 months ago

Volatile markets lift profit at Britain's NEX Group

May 22 (Reuters) - Financial technology company NEX Group , which is being bought by U.S. exchange operator CME Group, reported a 9 percent rise in full-year core trading profit, helped by market volatility and growth in emerging markets.

The company, which provides electronic trading platforms for banks, asset managers and companies, said its trading operating profit before one-off items from continuing operations for year ended March 31 rose to 160 million pounds ($214.80 million) from 147 million pounds.

Revenue from continuing operations rose to 591 million pounds from 541 million pounds a year ago, NEX said on Tuesday.

NEX, formerly known as ICAP, agreed to a $5.5 billion takeover by CME in a bid to create a cross-border powerhouse for investors trading in foreign exchange and government debt markets. ($1 = 0.7449 pounds) (Reporting by Rahul B in Bengaluru, editing by Louise Heavens)

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