M&A

The exchange is set to go live in 2026 with investment from five firms set to fund talent and technology to facilitate launch.

Sum of deal, which will see the venue operator and technology provider acquire 100% of the electronic exchange from 7RIDGE, remains undisclosed.

Counting down from seven to four of the most read news stories on The TRADE over the past year, featuring Citadel, Millennium and more.

The TRADE counts down from 10 to eight of the most read news stories on The TRADE over the past year, featuring FIS, Torstone Technology, Citadel, Goldman Sachs Asset Management, and BNY.

TCorp’s total investment value in Euroclear is $478 million.

The investment from Golden Gate Capital is set to “drive further organic growth and M&A”, said oneZero.

The investment from European growth investment firm Finch Capital is earmarked to facilitate big xyt’s global expansion.

The move follows LMAX’s acquisition of Cürex last year, increasing the business’ proposition for asset managers and other buy-side participants.

Following completion of the transaction – expected in 2025 – Close Brothers AM will operate as a standalone and independent business.