eSpeed Is Leading Bidder for MTS
EXCHANGE TECHNOLOGIES
LONDON—As the deadline approached for proposals last week, electronic bond broker eSpeed was emerging as the highest bidder for MTS, the pan-European fixed-income market operator.
But, while eSpeed is reported to have made the leading bid in monetary terms, a joint offer from Euronext and the Borsa Italiana has emerged as the most likely candidate to succeed, say sources familiar with the situation.
Officials at eSpeed decline to comment on the bid.
Euronext officials confirm that they have
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Exclusive: Terry Duffy on CME’s cloud future, takeover targets, and ... candy
CME CEO Terry Duffy explains the relatively narrow strategy that the derivatives exchange has taken under his leadership, especially compared to its peers.
Big Tech and capacity issues, Bridgewater’s CEO on AI, the UK’s Pisces platform, and more
The Waters Cooler: AI and cloud—shockingly—were major talking points this week…as they were the weeks before, and likely the weeks to come.
Orchestrade resists SaaS model in favor of customer flexibility
Firms like Orchestrade are minimizing funds and banks’ risks with different approaches to risk management.
Pisces season: Platform providers feed UK plan for private stock market
Several companies in the US and the UK are considering participating in a UK program to build a private stock market composed of separate trading platforms.
Hyperscalers to take hits as AI demand overpowers datacenter capacity
The IMD Wrap: Max asks, who’s really raising your datacenter costs? And how can you reduce them?
New FPGA component aims to curb co-lo costs
Hardware ticker plant provider Exegy is working on a new FPGA solution that it says will free up costly processing power on firms’ existing co-lo servers.
Market data woes, new and improved partnerships, acquisitions, and more
The Waters Cooler: BNY and OpenAI hold hands, FactSet partners with Interop.io, and trading technology gets more complicated in this week’s news round-up.
Asset manager Fortlake turns to AI data mapping for derivatives reporting
The firm also intends to streamline the data it sends to its administrator and establish a centralized database with the help of Fait Solutions.
