Profits at MTS could be wiped out by interest payments on a loan put in place by eSpeed, the US bond platform, to back its bid for the pan-European electronic bond-trading platform.

ESpeed, which is vying with a consortium comprising Euronext and Borsa Italiana for control of MTS, has put in place a $60m (€50m) one-year drawdown loan from Cantor Fitzgerald, its parent company, to help fund its bid. It can draw on the loan from September.

ESpeed loan threatens to wipe out MTS profits

Natasha de Terán

Vivek Ahuja

Goldman Sachs

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