MTS BondsPro to offer US corporate bonds to Swiss market
- FINMA authorises MTS Markets International as foreign exchange
- Swiss participants now have direct access to US corporate bonds on MTS BondsPro
- Enhances cross-border liquidity between US and European markets
MTS Markets International, Inc., a London Stock Exchange Group (LSEG) company, today announced its authorisation as a recognised foreign exchange in Switzerland, enabling Swiss sell- and buy-side participants to trade US corporate and emerging market debt in an all-to-all electronic trading environment, MTS BondsPro ATS (alternative trading system).
Following regulatory approval by the Swiss Financial Market Supervisory Authority (FINMA), institutions domiciled in Switzerland can now trade a range of USD denominated corporate bonds, with a diverse network of counterparties in the US and UK.
Through MTS BondsPro, Swiss institutional traders have direct access to participate in an all-to-all electronic order-book, with over 50,000 live corporate bond prices and a growing network of 300 dealers and 350 buy-side institutions.
Mark Monahan, CEO of MTS Markets International, said: “With liquidity an ever-present issue in the global credit markets, using technology to facilitate cross border flows has become more crucial than ever. By enabling Swiss market participants to trade in MTS BondsPro’s liquidity pool, we continue to further diversify the network for the benefit of the market overall.”
MTS acquired the Bonds.com platform, now MTS BondsPro, in May 2014 to expand its credit offering for US and UK clients.
Notes to editors
About London Stock Exchange Group:
London Stock Exchange Group (LSE.L) is a diversified international market infrastructure and capital markets business sitting at the heart of the world's financial community. The Group can trace its history back to 1698.
The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, a pan-European equities MTF. It is also home to one of the world’s leading growth markets for SMEs, AIM. Through its platforms, the Group offers international business and investors unrivalled access to Europe's capital markets.
Post trade and risk management services are a significant part of the Group’s business operations. In addition to majority ownership of multi-asset global CCP operator, LCH.Clearnet Group, LSEG operates CC&G, the Italian clearing house; Monte Titoli, the T2S-ready European settlement business; and globeSettle, the Group’s newly established CSD based in Luxembourg.
The Group is a global leader in indexing and analytic solutions. FTSE Russell offers thousands of indexes that measure and benchmark markets around the world. The Group also provides customers with an extensive range of real time and reference data products, including SEDOL, UnaVista, and RNS.
London Stock Exchange Group is a leading developer of high performance trading platforms and capital markets software for customers around the world. In addition to the Group’s own markets, over 35 other organisations and exchanges use the Group’s MillenniumIT trading, surveillance and post trade technology.
Headquartered in London, with significant operations in North America, Italy, France and Sri Lanka, the Group employs approximately 4,700 people
Further information on London Stock Exchange Group can be found at www.lseg.com