Summary: BGC Group sells minority equity interest in FMX to several financial institutions led by Wachtell, Lipton, Rosen & Katz.
Full articleSummary: FMX closes transaction with strategic investors at a $667 million post-money equity valuation with leading financial firms becoming minority equity owners, FMX Futures expected to launch in September 2024, FMX aiming to enhance market liquidity and lower costs for all market participants
Full articleSummary: BGC Group, Inc. announced several major banks and financial firms as minority equity owners of FMX with a post-money equity valuation of $667 million. FMX Futures is expected to launch in September 2024 and aims to create efficiencies for clients. Various industry leaders have expressed optimism about the potential impact of FMX on market liquidity and cost reduction for participants.
Full articleSummary: BGC Group, Inc. announced that several major financial firms have become minority equity owners of FMX, driving its post-money equity valuation to $667 million. FMX Futures is anticipated to launch in September 2024, with a focus on creating efficiencies for clients and enhancing competitiveness in the U.S. interest rate markets.
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