S&P Global and CME Group have completed the sale oftheir joint venture, OSTTRA, to investment firm KKR. The deal values OSTTRA at$3.1 billion, with proceeds split equally between the two companies. Thetransaction marks the end of a 50/50 partnership that began in 2021.OSTTRA Sale May Affect Retail InvestorsCME Group’s sale of its stake in OSTTRA brings potentialchanges for retail investors. The additional capital may be used for sharebuybacks, dividends, or reinvestment in its exchange and clearing businesses. Joinbuy side heads of FX in London at fmls25The exit from a non-core post-trade operation allows CME tofocus on its core derivatives markets. However, the move also narrows itsbusiness scope, increasing its reliance on trading activity and marketvolatility.OSTTRA Connects Banks, Brokers, Asset ManagersOSTTRA was created to support the global financial ecosystemwith post-trade services across interest rates, foreign exchange, credit, andequity markets. Its platform connects banks, broker-dealers, and assetmanagers, helping them manage trade processing and optimization.Barclays and Davis Polk advised S&P Global on thetransaction. Citi and Skadden provided financial and legal advice to CME Group.CMEGroup has seen one of its directors depart, as Helena Jarabakova moves toTradingView’s Business Development & Partnerships team for the Americas.Jarabakova most recently serving in London as SeniorDirector, Global Channel Partnerships, Retail. Before that, she held the roleof Director, Global Institutional Marketing, in New York and London for sixyears.CME Q2 Volumes Rise Across Multiple Asset ClassesMeanwhile, CMEGroup reported record international trading volumes in the second quarter,driven by strong activity across multiple asset classes, particularly foreignexchange products. The exchange recorded an average daily volume of 9.2 millioncontracts outside the U.S., an 18% increase from the same period last year. FXtrading in Latin America rose 30%, setting quarterly records, while Europe, theMiddle East, and Africa contributed 6.7 million contracts, up 15%, and AsiaPacific volumes increased 30% to 2.2 million contracts. The launch of the FX Spot+ platform boosted activity,reaching $1.4 billion in daily volume during its first month. Equity and energyproducts also saw notable growth, contributing to a total global daily volumeof 30.2 million contracts. This article was written by Tareq Sikder at www.financemagnates.com.