Eurex is close to finalising a deal to with BrokerTec
Futures Exchange (BTEx) that would see BTEx rolled into Eurex's
nascent US exchange in time for a February launch.
On-going negotiations between Eurex and the major banks that
own BTEx were at an advanced stage last week, according to a
senior source close to the deal. An agreement is expected to be
announced in January at the latest.
Full details of the deal have not been finalised, but it is
believed that BTEx will be incorporated into Eurex US, with the
existing shareholders in BTEx receiving equity in Eurex US.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.