18 July 2018
Visit www.avoka.com

Borsa Italiana buys 70% stake in EuroTLX MTF

25 September 2013  |  2667 views  |  0 Source: Borsa Italiana

Borsa Italiana today announces the completion of the acquisition of 70 per cent of the share capital of EuroTLX SIM S.p.A., an Italian company jointly owned by Unicredit and IntesaSanpaolo Group (through Banca IMI S.p.A.), operating a multilateral trading facility in the retail fixed income market.

Each seller is retaining a minority stake of 15%, working with Borsa Italiana as the majority shareholder to expand the business internationally.

The Board of Directors of EuroTLX met today and appointed Massimo Tononi, Chairman of Borsa Italiana, as Chairman of the Board and Pietro Poletto, Head of Fixed Income Markets, London Stock Exchange Group, as the Company's CEO.

As a result of the acquisition, Borsa Italiana extends its offer of fixed income trading services for retail investors. Borsa Italiana also manages the regulated market MOT, ExtraMOT and ExtraMOT PRO for institutional investors.

In the first six months of 2013, 1.8 million trades were executed on EuroTLX, representing a total [notional value traded of 53.5 billion euro (+6% y-o-y) and a daily average of 14,661 trades and 428 million euro countervalue.

Approvals from relevant authorities have been received. 

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit https://secure.vasco.comVisit info.nice.comVisit http://go.jumio.com/finextraAd

Top topics

Most viewed Most shared
Metro Bank opens developer portalMetro Bank opens developer portal
9787 views comments | 5 tweets | 14 linkedin
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
9598 views comments | 3 tweets | 7 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
9338 views comments | 6 tweets | 15 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
8564 views 19 comments | 14 tweets | 30 linkedin
Citi to streamline corporate receivables with HighRadiusCiti to streamline corporate receivables w...
8034 views comments | 1 tweets | 5 linkedin

Featured job

to GBP £90K base, double OTE (estimate)
London, UK or Europe

Find your next job