S&P Global and CME Group have completed the sale of their joint venture, OSTTRA, to investment firm KKR. The deal values OSTTRA at $3.1 billion, with proceeds split equally between the two companies. The transaction marks the end of a 50/50 partnership that began in 2021.

OSTTRA Sale May Affect Retail Investors

CME Group’s sale of its stake in OSTTRA brings potential changes for retail investors. The additional capital may be used for share buybacks, dividends, or reinvestment in its exchange and clearing businesses.

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The exit from a non-core post-trade operation allows CME to focus on its core derivatives markets. However, the move also narrows its business scope, increasing its reliance on trading activity and market volatility.

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OSTTRA Connects Banks, Brokers, Asset Managers

OSTTRA was created to support the global financial ecosystem with post-trade services across interest rates, foreign exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, credit, and equity markets. Its platform connects banks, broker-dealers, and asset managers, helping them manage trade processing and optimization.

Barclays and Davis Polk advised S&P Global on the transaction. Citi and Skadden provided financial and legal advice to CME Group.

CME Group has seen one of its directors depart, as Helena Jarabakova moves to TradingView’s Business Development & Partnerships team for the Americas.

Jarabakova most recently serving in London as Senior Director, Global Channel Partnerships, Retail. Before that, she held the role of Director, Global Institutional Marketing Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Read this Term, in New York and London for six years.

CME Q2 Volumes Rise Across Multiple Asset Classes

Meanwhile, CME Group reported record international trading volumes in the second quarter, driven by strong activity across multiple asset classes, particularly foreign exchange products.

The exchange recorded an average daily volume of 9.2 million contracts outside the U.S., an 18% increase from the same period last year. FX trading in Latin America rose 30%, setting quarterly records, while Europe, the Middle East, and Africa contributed 6.7 million contracts, up 15%, and Asia Pacific volumes increased 30% to 2.2 million contracts.

The launch of the FX Spot+ platform boosted activity, reaching $1.4 billion in daily volume during its first month. Equity and energy products also saw notable growth, contributing to a total global daily volume of 30.2 million contracts.