MTS, the European bond trading platform majority-owned by Euronext, has completed the sale of its US subsidiary MTS Markets International to Tradition America Holdings, a subsidiary of Compagnie Financière Tradition SA, the interdealer broker focused on 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.
BondsPro also offers real-time data on over 20,000 global corporate bonds every day, supporting pre-trade transparency, via 100,000+ real-time prices at a time from a reported 400 buy-side and sell-side participants, traded 22 hours a day on an anonymous, all-to-all network.
This helps its clients to identify trading opportunities, determine pre-trade liquidity, and perform valuation analyses using executable institutional market prices.
MMI joined Euronext in 2021 as part of the acquisition of Borsa Italiana, as a fully owned subsidiary of MTS.
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.
©Markets Media Europe 2022
