The ownership consortium now consists of 11 global clearing firms and the Futures Industry Association, with total funds raised reaching US$84.2 million
Following regulatory approval from Luxembourg financial regulator Commission de Surveillance du Secteur Financier, the Group now owns 100 per cent of the company
The announcement follows TMX Group’s strategic investment in VettaFi during H1 2023, through which it acquired approximately 22 per cent of the firm’s common shares
The purchase is expected to take place from June 2024, with the acquisition conducted through a Scheme of Arrangement under the Australian Corporations Act
