NEXT Investors, Credit Suisse’s fintech investment fund, has sold its stake in FastMatch, the FX trading platform for corporate clients, to Euronext after receiving regulatory and anti-trust approvals. No financial terms were disclosed.

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Credit Suisse NEXT Investors is a New York-based venture capital firm that offers startup and later stage investments.

The announcement comes almost in parallel with a similar deal announced earlier this week with FXCM which also completed the previously announced sale of its stake in FastMatch for approximately $46.7 million. FXCM, which had owned 30% of FastMatch, will also receive an addition boost in the form of a share of a $10 million earnout, pending certain performance targets to be met by the FX ECN.

This transaction aims to establish Euronext’s presence in the FX segment whilst bolstering FastMatch’s European presence through increased access to institutional clients across Europe.

Founded as a joint venture by the Swiss bank Credit Suisse and FX broker FXCM in 2012, FastMatch provides an electronic currency trading platform mostly for institutional clients such as banks, asset managers and hedge funds. The group saw average daily volumes (ADV) of $18 billion in July 2017.