MTS sees record trading on its Repo markets in January
- MTS Repo sees highest ever trading day on 21 January 2019
- January was a record month for repo market activity on MTS
London - MTS, the electronic trading platform that is part of London Stock Exchange Group, set a record day for repo trading on 21 January 2019. Term adjusted volume on that day was close to three quarters of a trillion Euros.
This contributed to new record average daily term adjusted volume on MTS Repo markets of €220 billion for the month of January.
MTS delivers one of the primary sources of liquidity in European Repo via both its interdealer central limit order book and the dealer to client RFQ based segment of BondVision called Global Collateral Management (GCM). The MTS Repo interdealer market brings together 150 unique sellside counterparties across Europe whilst GCM gives buy-side institutions access to state-of-the-art trading tools, full FIX post trade integration and dealer distributed axes via a new front end GUI that integrates both cash and repo trading.
Tim Martins, Head of Money Market Product Management, MTS:
“Strong underlying volumes in our day to day funding business were complemented by an increase in longer term General Collateral trading, reflecting a return to risk positioning via repo from some banks. Good term volumes on our GCM, dealer to client repo market mirrored this, with banks increasingly looking to move their client business onto electronic trading venues ahead of SFTR reporting go-live dates next year.”
- Ends -
For further information:
Lucie Holloway - +44 (0)20 7797 1222
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 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.