April 25 (Reuters) - Brokerage BGC Group said on

Thursday its exchange platform FMX Futures was valued at $667

million after securing investment from a consortium including

Bank of America ( BAC ) and Citigroup ( C/PN ).

The consortium - which also includes Goldman Sachs ( GS ),

JPMorgan ( JPM ), Wells Fargo ( WFC ), Barclays ( JJCTF ), Morgan

Stanley ( MS ) and Citadel Securities - has become minority

owners of FMX, according to BGC Group ( BGC ).

Earlier this year, BGC received regulatory approval for FMX

Futures to operate an exchange for Secured Overnight Financing

Rate (SOFR) futures and U.S. Treasuries.

FMX Futures is expected to launch in September 2024.