Amsterdam - based stock exchange plc is expanding its joint - venture with fixed - price technology provider Algomi by investing $ 10 m in a minority stake in the firm with governance expertise . Corporate bond traders will be able to access Algomi ’s innovative bond information platforms on a global basis and exchange risk more efficiently by identifying the most appropriate counterparty . The move is aimed at creating a network of centralised information venues and , as well as offering both companies a chance to diversify their revenues , it will tackle the " symptomatic illiquidity " of the global corporate bond markets , according to mark Boujnah , CEO of Euronext .
Amsterdam-based stock exchange Euronext is expanding its joint-venture with fixed-income technology provider Algomi by investing $10m in a minority stake in the firm with governance rights. Corporate bond traders will be able to access Algomi’s innovative bond information network on a global basis and exchange risk more efficiently by identifying the most appropriate counterparty. The move is aimed at creating a network of centralised information venues and, as well as offering both companies a chance to diversify their revenues, it will tackle the "symptomatic illiquidity" of the global corporate bond markets, according to Stéphane Boujnah, CEO of Euronext.