EuroMTS, the European bond trading platform, is to consolidate the corporate bond business of CordealMTS with its pan-European platform in an effort to strengthen its governmental benchmark securities offering.

EuroMTS bought Coredeal, a corporate bond network then owned by the International Securities Markets Association and a consortium of banks, in November 2001. The business was initially run as a separate arm to EuroMTS. However, EuroMTS now feels that CoredealMTS would operate more successfully by being folded into EuroMTS.