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Headline: The new Italian connection Source: Euromoney Date: November 2001 Deal: Merger of technology platforms Structure: MTS buys 15% stake in Coredeal Result: New corporate bond structure – CoredealMTS Most EuroMTS announcements are not what you would call exciting. ‘Record trading volumes on MTS Portugal’ and the like don’t exactly get the heart racing. But a recent joint initiative from EuroMTS and the International Securities Market Association (Isma) is rather different. Isma has taken Coredeal, its inter-dealer credit trading platform, which lists about 5,000 corporate bonds but lacks liquidity and decent technology, and combined it with EuroMTS, which has a robust technology platform and good liquidity but no corporate bonds. |
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