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Euronext completes acquisition of FastMatch stake

Euronext NV has completed the acquisition of an approximately 90% stake in electronic communication network FastMatch Inc. after receiving regulatory and antitrust approvals.

The stock exchange operator said the transaction diversifies its top line, accelerates its growth profile and allows the company to extend its "best execution" value proposition to an additional asset class. The deal also marks Euronext's expansion into the global foreign exchange markets.