CME’s OSTTRA Exit May Impact Retail Investors as Focus Shifts to Derivatives

Friday, 10/10/2025 | 13:09 GMT by Tareq Sikder

The $3.1 billion proceeds from the sale will be divided equally between S&P Global and CME Group.

OSTTRA, established in 2021, provides post-trade services across multiple asset classes.

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.

OSTTRA Connects Banks, Brokers, Asset Managers

OSTTRA was created to support the global financial ecosystem with post-trade services across interest rates, foreign exchange , 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 , 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.