MIAX will retain a 10% equity stake as part of the transaction, which is expected to facilitate the firm’s entry into prediction markets for both its institutional and retail clients.
The move is set to expand U.S. Bancorp’s capital markets platform and deepen support for institutional clients; deal expected to close in Q2 2026.
The move is expected to expand the firm’s presence across equity derivatives and fixed income markets, particularly in APAC, while simultaneously supporting Vantage’s growth in the US.
BNP Paribas entered into a definitive agreement to acquire AXA Investment Managers in a €5.1 billion deal in August 2024.
Counting down from seven to four of the most read news stories on The TRADE over the past year, featuring BlackRock, UBS, CME, StoneX, and more.
The integration is expected to provide Trading Technologies with access to clients across hedge funds and energy sectors, while OpenGamma will also benefit from a greater pool of sell-side bank customers.
The move strengthens Jefferies’ 2022 partnership with the credit-focused asset manager, and aligns with Hildene’s recent plans to acquire fixed indexed annuities provider, SILAC.
The transaction is expected to expand Nomura’s global asset management footprint, and will see the acquired assets combining with the firm’s private markets and high yield businesses to form an international branch of Nomura Asset Management.
Integration of Oslo-based platform expected to modernise derivatives clearing and expand post-trade capabilities.
The move comes as MIAX “continues to focus on strategic growth opportunities within its core exchanges,” and looks to facilitate its entry to the prediction markets to benefit both institutional and retail futures traders.