FTSE TMX Global Debt Capital Markets acquires MTS’ indices business

8 April 2014

  • 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 portfolio 
  • Client demand for fixed income indices continues to grow rapidly 

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 3.1 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 network.”

Following the acquisition, existing MTS index products will transition to the FTSE MTS brand name. 

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