BrokerTec Europe Acquires e-MID SIM in Bid to Grow Footprint in Italy

[kreslik.news]

BrokerTec has acquired a majority stake in e-MID SIM SpA (e-MID), an Italian electronic central limit order book (CLOB) platform catering to interbank deposits and Overnight Indexed Swaps (OIS).

The acquisition follows on the heels of an approval from the Bank of Italy, helping BrokerTEC strengthen its market penetration in the country whilst maintaining a growing footprint in the important Italian debt and money markets.

Following the acquisition, e-MID will act as a subsidiary of BrokerTec Europe Ltd – the group will offer its Italian Government Bond Repo and interbank deposit businesses to BrokerTec’s wide range of international clients. Furthermore, BrokerTec will ... (read more)