NYSE Liffe US has agreed to sell equity stakes to five trading firms in a bid to crack the CME Group's dominance of the US futures market.
The futures exchange, owned by NYSE Euronext, said on October 30 that it had agreed to sell “significant equity interest” to Citadel Securities, Getco, Goldman Sachs, Morgan Stanley and UBS.
The transaction is expected to close shortly, subject to a regulatory review.
Garry Jones, global head of derivatives at NYSE Euronext in London, said the levels of investments by the five trading firms would not be revealed at their request, but he did disclose that...