MarketAxess Acquires Majority Stake in RFQ-hub Holdings LLC

RFPIO Acquires InHub to Strengthen RFx Offering for Financial Services

February 15, 2022

Software

RFPIO has acquired InHub, an RFx management platform focused on the investment community, and will integrate the business into its RFP360 division to expand capabilities for financial services, investment and consulting teams. InHub's founder Ariana Amplo will join RFPIO's leadership to help scale the product and customer success offerings globally.

7RIDGE Acquires American Financial Exchange (AFX)

April 18, 2023

Financial Services

7RIDGE, a specialized growth equity firm, has acquired 100% of the American Financial Exchange (AFX) to accelerate growth of the AFX platform and expand adoption of its AMERIBOR benchmark. The transaction preserves a Cboe Global Markets subsidiary as a service provider to AFX and aims to deepen AFX’s role as a provider of credit-sensitive benchmarks to U.S. banks and financial institutions.

Robinhood–Susquehanna JV Acquires 90% of MIAX Derivatives Exchange (MIAXdx)

November 30, 2025

Financial Services

A joint venture formed by Robinhood Markets and Susquehanna International Group acquired 90% of MIAX Derivatives Exchange (MIAXdx) from Miami International Holdings, which retained a 10% stake. The deal gives Robinhood and SIG a CFTC‑registered designated contract market and derivatives clearing organization to accelerate the firms' entry and capability expansion into prediction markets and derivatives trading.

MarketAxess Acquires Pragma

August 7, 2023

Software

MarketAxess Holdings Inc. has entered into a definitive agreement to acquire Pragma, a New York–based quantitative trading technology provider. The acquisition will accelerate MarketAxess' development of AI-driven execution algorithms and data-driven analytics across fixed-income products and expand its multi-asset algorithmic capabilities.

Intercontinental Exchange (ICE) Acquires American Financial Exchange (AFX)

January 13, 2025

Financial Services

Intercontinental Exchange (ICE) has acquired 100% of the American Financial Exchange (AFX) from 7RIDGE. The purchase brings AFX's interbank lending marketplace and the AMERIBOR benchmark into ICE's broader index and mortgage technology network to expand capabilities for regional, midsize and community banks.

Polymarket Acquires CFTC-Licensed Exchange and Clearinghouse QCEX for $112 Million

July 24, 2025

Financial Services

Polymarket has acquired the holding company of QCEX — the operator of a CFTC-licensed derivatives exchange (QCX, LLC) and clearinghouse (QC Clearing LLC) — for $112 million. The deal enables Polymarket to re-enter the U.S. market with a fully regulated trading and clearing framework, expanding its prediction-market platform to U.S. users under regulatory oversight.