UK-based index provider FTSE and Canadian exchange operator TMX Group are setting up a joint index venture, dubbed FTSE TMX Debt Capital Markets, which will combine PC-Bond -- the fixed income index business of TMX's Datalinx information services division -- with FTSE's existing fixed income index business to offer fixed income indexes as well as analytical products and services.
Officials say the venture enables FTSE -- which plans to open an office in Toronto -- to increase its North American presence, while supporting TMX's global expansion. FTSE will have a 75 percent majority stake in the venture, while TMX will hold a 25 percent stake. The deal is expected to close in the second quarter of 2013.
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails