Man Group Closes Transaction On U.S. Futures Exchange

U.S. Futures Exchange (USFE) announced today that Man Group plc’s majority acquisition of USFE (formerly Eurex US) has been completed. The closing of the transaction was effective on October 1.

Under the terms of the transaction, Man Group purchased approximately 70 percent of Eurex’s shares in USFE for a purchase price of $23.2 million in cash and in addition make a capital injection of $35 million into USFE. Eurex retains the remaining approximate 30 percent. Deutsche Börse Systems, the developer and operator of the Eurex platform and network, will continue to operate the trading platform and corresponding communications network for USFE.