10:05 AM EDT, 04/25/2024 (MT Newswires) -- BGC Group ( BGC ) said Thursday that several of Wall Street's biggest entities are backing its new futures exchange ahead of its launch,

Bank of America ( BAC ) , JPMorgan Chase ( JPM ) , Citigroup ( C ) , Goldman Sachs (GS), Barclays ( JJCTF ) , Morgan Stanley ( MS ) , Wells Fargo ( WFC ) , Jump Trading Group, Citadel Securities, and Tower Research Capital have become minority equity owners in the exchange, known as FMX, with a post-money equity valuation of $667 million.

The exchange is expected to launch in September, BGC said.

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