August 2005

Equity exchanges move into fixed income


Euronext and Borsa Italiana take majority stake in MTS platform


Euronext and Borsa Italiana teamed up together in July to beat eSpeed, Icap and several other bidders to a majority stake in European government bond trading platform MTS.

The deal, which values MTS at €245 million, gives the two exchange groups control over the market leader in electronic fixed-income trading in Europe.

Euronext and Borsa Italian will own at least 51% of...


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