A consortium of investors completed an investment in BGC Group-backed Fenics Markets Xchange in a $667m deal.

A consortium of investors including Bank of America, Barclays, Citadel Securities, Citi, Goldman Sachs, JP Morgan, Jump Trading Group, Morgan Stanley, Tower Research Capital, and Wells Fargo, completed an investment in BGC Group-backed Fenics Markets Xchange, an electronic trading platform, in a $667m deal. "We have brought together ten of the most important global investment banks and market making firms to create a premier trading venue for the interest rate markets. We offered ownership to this incredible investment group knowing the enormous value they bring to FMX, which will benefit all market participants," Howard W. Lutnick, BGC Group Chairman and CEO.