FTSE TMX Global Debt Capital Markets has acquired the indexes business of MTS, whose indexes track the performance of the largest and most widely traded government-issued securities in European bonds.
Financial terms of the deal were not disclosed.
FTSE TMX Global Debt Capital Markets is a joint venture between FTSE Group and TMX Group’s information services division, TMX Datalinx.
As a result of the acquisition, MTS will initially hold a 3.1% stake in FTSE TMX Global Debt Capital Markets. FTSE will retain a 72.7% majority stake in the joint venture, with TMX Group holding a 24.2% stake.
“TMX Group is pleased to welcome MTS and its leading European bond indices to our global joint venture, FTSE TMX Global Debt Capital Markets,” says Tom Kloet, CEO of TMX Group. “This addition develops our offering as one of the leading global fixed income index providers.”
Following the acquisition, existing MTS index products will transition to the FTSE MTS brand name.
FTSE TMX Global Debt Capital Markets is the third largest global provider of fixed income exchange-traded fund indexes.
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