Six Banks Invest in Osttra

A consortium of six banks, Bank of America, Barclays, Citi, HSBC, UBS and Wells Fargo, have jointly committed to making a $100 million investment on post-trade services provider Osttra, which was last year acquired by funds managed by KKR, which remains the majority owner of the firm.

Osttra says the commitment from the banks, all of whom are existing Osttra clients and users of its services, reflects industry confidence in its strategy and affirms its central role in global capital markets. The investment will help to drive expansion into new markets and asset classes and ensure next-generation solutions remain tightly aligned with evolving industry needs, the firm adds.

KKR acquired Osttra from CME Group and S&P Global last year in a deal valued at over $3 billion. The firm says the investing banks will work closely with Osttra as the firm develops its product roadmap – strengthening momentum behind the company’s long-term ambition for a more unified, efficient, and resilient post-trade ecosystem.

“This investment from six of our largest customers is a pivotal moment for Osttra, and for the wider post-trade community,” says Guy Rowcliffe, co-CEO of Osttra, while co-CEO, John Stewart adds, “It reinforces the essential role our networks play in supporting global markets and reflects strong endorsement of our strategy, as we work together to transform the post-trade ecosystem.”