MTS S.p.A., the leading European bond trading platform majority-owned by Euronext, today announced that it has completed the sale of its US subsidiary MTS Markets International Inc. (“MMI”) to Tradition America Holdings Inc., a subsidiary of Compagnie Financière Tradition SA, one of the world's largest interdealer brokers in 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. MMI joined Euronext in 2021 as part of the acquisition of Borsa Italiana, as a fully owned subsidiary of MTS S.p.A.
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.
