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MTS to acquire Bond.com Group
07 March 2014
Close expected in the second quarter of 2014
MTS has entered into a agreement to acquire Bonds.com Group, a
US-based platform for the electronic trading of US corporate
and emerging market bonds. The all-cash acquisition will see
MTS Markets International acquire 100 per cent of
Bonds’ outstanding shares.
The transaction meets the growing customer and regulatory
demand for access to transparent, electronic, cost-effective
platforms for the trading of fixed income securities.
Jack Jeffery, CEO of MTS Group said: "This transaction enhances
MTS’ position as a global provider of fixed income
trading platforms and is a natural extension for both MTS and
London Stock Exchange Group. The expanded product offering will
enable us to meet the on-going industry and regulatory drive
for greater transparency and efficiency in fixed income
markets, through a competitive and cost-effective platform."
Mark Monahan, chief executive of MTS Markets International Inc
added: "Bonds.com Group has steadily developed its client base
in the U.S. covering both buy and sell-side institutions. As a
result of this transaction, MTS will be able to offer Bonds.com
Group its extensive expertise in the fixed income space,
investing to expand the product offering for U.S. fixed income
traders to meet their domestic and international needs."