Mostly… fixed income and cross product eTrading

June 22, 2007

LSE Could Add Fixed-Income Platform via Borsa Italiana

Filed under: 2015, etrading — holky @ 1:19 pm

Just as the London Stock Exchange (LSE) and Borsa Italiana disclosed that they are in merger discussions, the Milan market took steps to acquire the controlling interest held by NYSE Euronext in MBE Holding, which in turn owns the majority of the MTS group of fixed-income trading platforms.MTS had been touted as an attractive asset within Euronext in the run-up to that multinational exchange operator’s merger with the parent of the New York Stock Exchange, which was consummated in April. Euronext–and now NYSE Group–owns 51 percent of MBE Holding, Borsa Italiana 49 percent. But Borsa had an option to purchase the 51 percent in the event of a change in control at Euronext, and it served that notice Thursday, NYSE Euronext disclosed.

“The parties will have three months [from June 20] to agree on the fair market value of MBE Holding’s shares,” the exchange statement said.

(From Securities Industry News)

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3 Comments »

  1. Customers meeting Customers…

    Comment by lacidar — June 25, 2007 @ 3:14 am

  2. Sunday Times yesterday and various ‘e’ press today saying ICAP are going after MTS too…

    Comment by holky — June 25, 2007 @ 1:45 pm

  3. Again…customer to customer… coming our way… control over execution, enhanced execution, etc. Why not just give it to them already…

    Comment by lacidar — June 26, 2007 @ 12:51 am


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