Deals
CME, S&P Explore Sale of Post-Trade Joint Venture OSTTRA
- OSTTRA may be valued at as much as $4 billion in any deal
- Unit provides post-trade services for forex, derivatives
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CME Group Inc. and S&P Global Inc. are weighing a sale of a joint venture offering post-trade services in the foreign exchange and derivatives markets, according to people familiar with the matter.
The companies are working with financial advisers to seek buyers for the JV called OSTTRA, said the people, who asked to not be identified because the matter isn’t public. The unit may be valued at $2 billion to $4 billion, including debt, depending on how a deal is structured, they said.