MTS enhances BondVision platform with new automation tools
- Traders benefit from new automation tools including automated multi-asset RFQ trading
- Platform provides real-time data from 18 interdealer markets
MTS Markets, part of London Stock Exchange Group (LSEG), has launched new automation tools for its enhanced MTS BondVision dealer-to-client electronic bond trading platform.
The platform has undergone a complete GUI redesign introducing many new features in addition to a modern, intuitive interface. The redesign makes MTS BondVision’s valuable inter-dealer data more accessible and adds powerful new automation tools to the platform. These include request for quote (RFQ) auto-execution, bringing significant efficiencies to low-touch trades.
MTS Auto Execution allows traders to upload trades directly from their order management system (OMS) and MTS BondVision will automatically handle the RFQ and execution. More than 20 auto execution parameters can be configured in real-time directly from the BondVision platform, giving traders a maximum level of control while allowing them to reap the efficiency benefits of automation. This offers buy-side firms a user-friendly method with which to build advanced trading models for automated order execution across all asset classes including government bonds, corporates, financials, covered bonds and SSAs.
BondVision’s intuitive new design puts MTS’s interdealer data at the centre of the user experience. It provides real-time trade data from 18 interdealer markets in one, fully customisable, dashboard for an improved workflow experience.
MTS BondVision offers direct access to the heart of the bond market’s liquidity, enabling participants to trade government and corporate bonds across multiple currencies, including EUR, GBP, USD, CEE local currencies and Nordics (DKK, NOK, SEK).
Fabrizio Testa, CEO at MTS:
“Automation is key to trading strategies in today’s fixed-income market, so it is critical that participants have the best tools available to ensure efficient execution. The redesigned MTS BondVision places its users front and centre, delivering an intuitive platform that’s not only easy to use, but supports participants to make the best trading decisions through innovative automation features including auto execution and real-time data.”
Josephine de Chazournes, Senior Analyst at Celent said:
“The European government bond market’s velocity and ever shrinking margins require dealers to be able to auto-quote and enable automated trading strategies with RFQs between themselves and also with the buy side. As the buy-side is also under more costs constrains they need to be able to leverage technology to increase their speed and accuracy to request and respond to quotes with automated trading tools such as the one MTS Bondvision has just released. “
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For further information:
Tim Benedict (US)
Lucie Holloway/ Ester Russom (UK)
Notes to editors:
MTS Group facilitates a number of regulated electronic fixed income trading platforms across Europe and the US that are managed centrally to ensure optimum levels of global harmonisation and consistency. Over 500 unique counterparties trade an average volume of €100 billion each day on these platforms.
MTS Cash is a comprehensive and professional cash securities trading environment for the interdealer marketplace. MTS cash includes several domestic markets regulated in different jurisdictions enabling primary dealers to access unparalleled liquidity, transparency and coverage.
MTS Italy Repo Segment is a regulated market operated by MTS S.p.A. under the supervision of the Italian Ministry of Treasury, Bank of Italy and Consob. The GCM Segment also allows trading in repo instruments and it is offered from both BondVision EU MTF and BondVision UK, respectively under the supervision of Consob and the FCA.
MTS BondVision is a trusted and efficient multi-dealer-to-client electronic bond trading platform, delivering exceptional access for institutional investors direct to dealers. BondVision provides institutional investors with real-time pricing and the ability to trade with the major dealers. It is available in Europe as a multi-lateral trading facility operated by MTS S.p.A under supervision of Consob. In the UK it is operated by EuroMTS under supervision of the Financial Conduct Authority. In the US it is operated by MTS Markets International as an Alternative Trading System registered with the Securities and Exchange Commission and operated by MTS Markets International Inc., which is a member firm of the Financial Industry Regulatory Authority, Inc. (FINRA).
MTS BondsPro is the a trading platform that supports Corporate Bond trading. MTS
BondsPro is an Alternative Trading System registered with the Securities and Exchange Commission
(SEC) and operated by MTS Markets International Inc., which is a member firm of the Financial
Industry Regulatory Authority, Inc.
MTS Data is sourced directly and exclusively from the MTS markets and includes benchmark real-time data, reference data, reference prices and historical data, providing the benchmark data source on the fixed income market.
FTSE MTS Indices are operated by FTSE TMX Global Debt Capital Markets. They provide independent, transparent, real-time and tradable Eurozone fixed income indices, based on tradable prices from MTS. FTSE MTS indices are tracked by (and can be traded via) around 40 ETFs in addition to numerous structured products.
For more information, visit www.mtsmarkets.com.
About London Stock Exchange Group:
London Stock Exchange Group (LSE.L) is an international markets infrastructure business. Its diversified global business focuses on capital formation, intellectual property and risk and balance sheet management. LSEG operates an open access model, offering choice and partnership to customers across all of its businesses. The Group can trace its history back to 1698.
The Group operates a broad range of international equity, ETF, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS (Europe's leading fixed income market); and Turquoise (a pan-European equities MTF). Through its platforms, LSEG offers market participants, including retail investors, institutions and SMEs unrivalled access to Europe’s capital markets. The Group also plays a vital economic and social role, enabling companies to access funds for growth and development.
Through FTSE Russell, the Group is a global leader in financial indexing, benchmarking and analytic services with approximately $15 trillion benchmarked to its indexes. The Group also provides customers with an extensive range of data services, research and analytics through Mergent, SEDOL, UnaVista, XTF, RNS and The Yield Book.
Post trade and risk management services are a significant part of the Group’s business operations. In addition to majority ownership of LCH, a multi-asset global CCP operator, LSEG owns CC&G, the Italian clearing house; Monte Titoli, a leading European custody and settlement business.
LSEG Technology develops and operates high performance technology solutions, including trading, market surveillance and post trade systems for over 40 organisations and exchanges, including the Group’s own markets. Additional services include network connectivity and hosting.
Headquartered in the United Kingdom, with significant operations in North America, Italy, France and Sri Lanka, the Group employs approximately 4,500 people.
Further information on London Stock Exchange Group can be found at www.lseg.com.