MTS and BondCliQ launch liquidity visualization tool
- New tool on the BondTiQ platform allows users to map US corporate bond liquidity
- Powered by MTS BondsPro’s deep, real-time pricing information
London – MTS Markets International, part of London Stock Exchange Group (LSEG), and BondCliQ, a corporate bond market data solution, have launched Liquidity Mapping for BondCliQ’s BondTiQ platform.
The tool allows users to view pre- and post-trade information on US corporate bond liquidity. It combines MTS BondsPro’s comprehensive real-time pricing information with BondTiQ’s data visualisation technology and TRACE data.
BondCliQ offers US institutional investors access to high-quality pre-trade and post-trade data for the institutional market. The new tool provides a multi-dimensional interface that supports execution requirements by allowing users to identify sources of liquidity effectively and quickly assess fair value according to the quoted MTS BondsPro market.
MTS BondsPro’s rich market data is sourced from a community of more than 500 broker-dealers and buy-side clients participating in its anonymous all-to-all order book. The platform connects markets across the US, Europe and Asia with a 22-hour trading day, providing traders access to over 20,000 bonds with live prices daily.
David Parker, Head of US sales, MTS:
“We are always looking for new ways to provide the fixed income community with value from our platforms. By harnessing MTS BondsPro’s data to power the Liquidity Mapping tools from BondsTiQ, BondCliQ is able to provide a unique service which enables traders to better understand the market and quickly see prices for their potential trades and existing positions on the BondsPro platform. This is the perfect collaboration between MTS’ heritage in electronic fixed income and innovative new approaches to providing traders and portfolio managers with the tools they need.”
Chris White, Chief Executive Officer, BondCliQ:
“In today’s market, liquidity is fractured and securing the best price can be a complex challenge. Through this partnership, we are making liquidity visible and allowing traders to understand liquidity flows and identify the right opportunities. MTS BondsPro offers deep, real-time trade data into close to 20,000 US corporate bonds, making them the perfect partner to provide the data to power this innovative tool.”
For further information:
Tim Benedict - +1 212 314 1220
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.
The BondCliQ team is uniquely qualified to bring innovation to the US corporate bond market because of their invaluable combination of market experience with financial technology development. The team is comprised of fixed income industry experts with comprehensive skills covering technology, bond trading, market structure and platform development. BondCliQ’s mission is to improve bond market structure through the development and implementation of a central market system that will establish price integrity and facility market modernization.