Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – 15 December 2022 – MTS S.p.A., the leading European bond trading platform majority-owned by Euronext, today announced that it has completed the sale of its US subsidiary MTS Markets International Inc. (“MMI”) to Tradition America Holdings Inc., a subsidiary of Compagnie Financière Tradition SA, one of the world's largest interdealer brokers in over-the-counter financial and commodity related products.
MMI is the operator of MTS BondsPro, an electronic credit trading system that operates on independent technology and offers access to liquidity and real-time execution on its anonymous, all-to-all order book. MMI joined Euronext in 2021 as part of the acquisition of Borsa Italiana, as a fully owned subsidiary of MTS S.p.A.
The sale of MMI was implemented as a result of the conclusion of a strategic review initiated following the integration of Borsa Italiana and the decision to divest from non-core assets.
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CONTACTS media – mediateam@euronext.com |
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Aurélie Cohen (Europe) |
+33 1 70 48 24 45 |
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ANALYSTS & INVESTORS – ir@euronext.com
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Aurélie Cohen |
+33 1 70 48 24 27 |
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Clément Kubiak |
+33 1 70 48 26 33 |
About Compagnie Financière Tradition
Compagnie Financière Tradition SA is one of the world's largest interdealer brokers in over-the-counter financial and commodity related products. Represented in over 30 countries, Compagnie Financière Tradition SA employs more than 2,300 people globally and provides broking services for a complete range of financial products (money market products, bonds, interest rate, currency and credit derivatives, equities, equity derivatives, interest rate futures and index futures) and non-financial products (energy and environmental products, and precious metals). Compagnie Financière Tradition SA (CFT) is listed on the SIX Swiss Exchange.