NEX Group has decided on new offices in London and New York, with the plans to re-locate coming soon after chief executive Michael Spencer's move to sell the company's voice broking arm in favour of a focus on electronic trading and financial technology.

In London, NEX said in a statement on Wednesday that it is in advanced negotiations with Ashurst to lease 115,000 square feet of office space in the London Fruit and Wool Exchange for its new London headquarters.