17 SEPTEMBER 2019

FTSE TMX Global Debt Capital Markets acquires MTS' indices business

FTSE continues to develop its fixed income offering and expand its leading global index business.

FTSE TMX Global Debt Capital Markets, a joint venture between FTSE and TMX Group, today announced that it has acquired the indices business of MTS. MTS is one of Europe’s premier electronic fixed income trading venues and is majority owned by London Stock Exchange Group (LSEG). MTS Indices track the performance of the largest and most widely traded European Government Bonds. The indices are based on real-time, executable prices from the MTS trading platforms, providing high levels of transparency and replicability. FTSE TMX Global Debt Capital Markets is now the third-largest global provider of fixed income exchange traded fund (ETF) indices, and is well positioned to seek to benefit from further demand in this space for multi-sourced prices, high-governance standards and low-cost strategies. The transaction will build on the successful track record of both organisations, providing a solid foundation to further develop the MTS Indices range, and drive the development of an enhanced global fixed income index and analytical service. In addition, MTS will also have a minority interest in FTSE TMX Global Debt Capital Markets. Following the acquisition, existing MTS index products will transition to the FTSE MTS brand name. To ensure continuity of service throughout the transition for existing MTS Indices clients there will be no immediate change to the service, data and commercial arrangements, product files and index calculation methodology.