BGC Group, Inc. in the investment by a consortium of 10 banks, into FMX

On April 25, 2024, BGC Group, Inc. (Nasdaq: BGC) announced that it completed a transaction in which Bank of America, Barclays, Citadel Securities, Citi, Goldman Sachs, J.P. Morgan, Jump Trading Group, Morgan Stanley, Tower Research Capital, and Wells Fargo have become minority equity owners of FMX, at a post-money equity valuation of $667 million.  FMX is a BGC company that will launch a premier U.S. Treasury and U.S. Interest Rates Futures trading marketplace, including FMX Futures, which received CFTC approval in January and is expected to launch in September 2024.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to BGC Partners.