Deutsche Boerse has completed a significant sale of treasury shares in order to finance its acquisition of FX trading platform 360T.
It completed a placement of 2,475,248 treasury shares, raising €200 million. The shares were sold via an accelerated bookbuild offering to institutional investors.
The funds raised will partially finance the 360T acquisition announced last month.
The acquisiton of 360T gives Deutsche Boerse a significant presence in the FX trading business.Earlier this year, rival BATS acquired Hotspot FX, indicating FX is seen as a potential new revenue stream for the major exchange groups.