Euronext buys FastMatch

European stock exchange enters FX space with purchase of ECN for initial $153 million

Person signing a deal
Deal struck: the closing, subject to regulatory and antitrust approval, is expected to occur in Q3

European stock exchange Euronext has entered the foreign exchange space by acquiring institutional electronic communication network (ECN) FastMatch for an initial $153 million.

The deal, announced today (May 23), involves the purchase of 90% of FastMatch, with the remainder left in the hands of the platform’s management. The closing, subject to regulatory and antitrust approval, is expected to occur in the third quarter of this year.

The transaction establishes Euronext’s presence in the FX

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