Man Group Buys 70% of Eurex US
FRONT PAGE: EXCHANGE TECHNOLOGIES
CHICAGO—Futures broker Man Group will purchase a 70 percent stake in the U.S. Futures Exchange (USFE), formerly known as Eurex US in an effort to strengthen the struggling Chicago-based arm of Eurex.
Man Group will pay $23.2 million in cash for the 70 percent stake and invest another $35 million to help USFE develop new listed products in the derivatives market.
Deutsche Börse Systems, the developer and operator of the Eurex platform and network, will continue to operate the trading platform and
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