LSEG divests 5% interest in Euroclear to TCorp
TCorp’s total investment value in Euroclear is $478 million.
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.
EuroCTP was first announced in the third quarter of 2023 and is backed by 14 exchanges as its shareholders and would be competing with Aquis and Cboe’s own consolidated tape initiative.
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.
The move “reaffirms [Kepler’s] commitment to becoming the undisputed leader in the ETF sector,” said the firm.
The deal enhances Euronext’s investor services segment, strengthening the business’ proximity to the buy-side community.
Move will expand StoneX’s capabilities in fixed income and grow its presence in Europe.
Through the collaboration, Spectrum Markets is expanding its client reach while providing sino clients with increased trading hours.