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FTSE TMX Global Debt Capital Markets acquires MTS' indices business
|By PR Newswire
|April 8, 2014 06:00 AM EDT
Expands FTSE TMX Global Debt Capital Markets' offering in fixed income
MTS is a leading provider of benchmark indices for European fixed income
Broadens FTSE TMX Global Debt Capital Markets' complementary product
Client demand for fixed income indices continues to grow rapidly
TORONTO, April 8, 2014 /CNW/ - FTSE TMX Global Debt Capital Markets has
confirmed that it has acquired the indices business of MTS, whose
indices track the performance of the largest and most widely traded
government issued securities in European bonds. MTS is one of Europe's
premier electronic fixed income trading markets and is majority owned
by London Stock Exchange Group (LSEG). 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 three per cent
stake in FTSE TMX Global Debt Capital Markets. FTSE will retain a 72.7
per cent majority stake in the joint venture, with TMX Group holding a
24.2 per cent stake.
Access to fixed income indices continues to grow rapidly, driven by the
demand for multi-sourced prices, high-governance standards and low-cost
strategies. FTSE TMX Global Debt Capital Markets is the third-largest
global provider of fixed income exchange traded fund (ETF) indices.
FTSE TMX Global Debt Capital Markets is also well-positioned to seek to
benefit from further growth opportunities in this space.
Mark Makepeace, CEO of FTSE Group: "FTSE continues to expand its global
fixed income operations, which present a significant growth opportunity
for the Group. MTS' indices business will add to the attractive
portfolio of fixed income products managed by FTSE globally, developing
its offering in this space."
Tom Kloet, CEO of TMX Group: "TMX Group is pleased to welcome MTS and
its leading European bond indices to our global joint venture, FTSE TMX
Global Debt Capital Markets. This addition develops our offering as
one of the leading global fixed income index providers."
Jack Jeffrey, CEO of MTS: "MTS is a leading electronic market in Europe
for the trading of European wholesale Government Bonds enabling the
calculation of MTS Indices to be based on highly-transparent,
real-time, executable prices. MTS Indices has built an attractive
portfolio in the European bond space, which will be further enhanced by
combining with FTSE TMX Global Debt Capital Markets' distribution
Following the acquisition, existing MTS index products will transition
to the FTSE MTS brand name.
Notes to Editors
"FTSE" is a trademark of London Stock Exchange Group companies and is
used by FTSE International Limited and FTSE TMX Global Debt Capital
Markets under licence. "TMX" is a trademark owned by TSX Inc. (a
subsidiary of TMX Group) and is used by FTSE TMX Global Debt Capital
Markets under licence.
*FTSE TMX Global Debt Capital Markets was created in 2013, and combined FTSE Group, a leading provider of
fixed income indices in the UK, with TMX Datalinx's fixed income
business PC-Bond, one of the leading providers of fixed income indices
in Canada. FTSE owns a 72.7 per cent majority stake in the joint
venture, with TMX Group holding a 24.2 per cent stake and MTS a 3 per
cent holding. FTSE TMX Global Debt Capital Markets is the third largest
fixed income index provider globally with over $1 trillion in fixed
income assets linked to its benchmark indices.
About FTSE Group
FTSE is a global leader in indexing and analytical solutions. FTSE
calculates thousands of unique indices that measure and benchmark
markets and asset classes in more than 80 countries around the world.
FTSE indices are used extensively by market participants worldwide for
investment analysis, performance measurement, asset allocation and
portfolio hedging. Many leading pension funds, asset managers, ETF
providers and investment banks work with FTSE to benchmark their
investment performance and use FTSE's indices to create world-class
ETFs, index tracking funds, structured products and index derivatives.
FTSE also provides many exchanges around the world with their market
A core set of universal principles guides FTSE's index design and
management: FTSE's transparent rules-based methodology is overseen by
independent committees of leading market participants, focused on
applying the highest industry standards in index design and governance.
The foundation of FTSE's global, regional, country and sector indices
is the FTSE Global Equity Index Series, which includes the flagship
FTSE All-World Index.
FTSE is well known for index innovation and customer partnerships as it
seeks to continually enhance the breadth, depth and reach of its
FTSE is wholly owned by London Stock Exchange Group.
About TMX Group (TSX:X)
TMX Group's key subsidiaries operate cash and derivative markets and
clearinghouses for multiple asset classes including equities, fixed
income and energy. Toronto Stock Exchange, TSX Venture Exchange, TMX
Select, Alpha Group, The Canadian Depository for Securities, Montréal
Exchange, Canadian Derivatives Clearing Corporation, NGX, BOX Options
Exchange, Shorcan, Shorcan Energy Brokers, Equicom and other TMX Group
companies provide listing markets, trading markets, clearing
facilities, depository services, data products and other services to
the global financial community. TMX Group is headquartered in Toronto
and operates offices across Canada (Montréal, Calgary and Vancouver),
in key U.S. markets (New York, Houston, Boston and Chicago) as well as
in London, Beijing and Sydney. For more information about TMX Group,
visit our website at www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup.
All information is provided for information purposes only. This press
release does not constitute an offer to buy or sell, or a solicitation
of an offer to sell, any securities, or the solicitation of a proxy, by
any person in any jurisdiction in which such an offer or solicitation
is not authorised, or in which the person making such an offer or
solicitation is not qualified to do so, or to any person to whom it is
unlawful to make such an offer or solicitation.
SOURCE FTSE TMX Global Debt Capital Markets
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