ICAP Securities and Derivatives Exchange

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ICAP Securities and Derivatives Exchange
Founded October 31, 2012 (launched)
Headquarters London
Key People Patrick Birley, Chief Executive Officer
Website www.isdx.com

ICAP Securities and Derivatives Exchange is ICAP's securities exchange, which it acquired in 2012. It became NEX Exchange in 2017 when ICAP changed its name to NEX Group.

It is an equity market geared toward small and medium sized companies who want to raise money from investors to finance and expand their businesses. It allows companies to come to the public markets for the first time to raise equity finance or existing listed companies to raise further finance.[1]

ICAP acquired the platform for £500,000 plus debt from exchange operator Plus Markets Group, which was forced to break up and do a fire-sale of its assets in 2012 after several years of losses. [2]

NEX Group holds a Recognised Investment Exchange licence from the UK's Financial Services Authority, which allows it to list and facilitate trading in proprietary securities on the new platform.


  • On July 8, 2013, ISDX announced the launch of its new admissions criteria for companies wanting to apply for admission to the ISDX Growth Market. The ISDX Growth Market is a venue for small and medium sized companies seeking to raise growth capital, achieve an independent market valuation and enhance their corporate profile. ISDX said the move is the result of a thorough review of the business following the exchange’s acquisition by ICAP in June 2012 and a public consultation process on the proposed amendments which began in April 2013.[3]

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