MTS Live low-latency data supports growth of fixed income trade automation
MTS, one of Europe’s premier fixed income trading venues, is supporting growth in the use of automated trading strategies in the European fixed income markets with its ultra low-latency market data offering, MTS Live.
MTS Live was built to provide traders with ultra low latency, tick-by-tick data. It enables participants to tackle unprecedented levels of price volatility, mitigate latency risk and trade on a regulated platform, MTS Cash.
Now available in 12 markets, MTS Live provides market participants with a comprehensive source of pre- and post-trade market data, sourced from the MTS Cash electronic platform for European government bonds.
MTS Live provides data from an un-aggregated order book with every visible price, order and trade for the most liquid bonds traded on MTS Cash. The depth of liquidity comes from over 100 participants trading more than 1,100 bonds, all generating on average 30,000,000 executable prices per day.
Data is delivered via FIX-FAST protocol to minimise latency. MTS Live can also be used in conjunction with co-location in the same data centre as the MTS matching engine to provide continuous insight into price movements.
Simon Linwood, Head of Credit Markets and Data at MTS comments: "Ultra low-latency market data is now firmly established as a critical component of today’s fixed income market, enabling MTS Cash participants to feed trading strategies and meet best practice requirements.
"This is particularly important for MTS Cash participants deploying algorithmic trading systems, as the provision of high quality, consistent low-latency data is critical to feed their trading strategy of choice."
MTS has recently on-boarded 12 sell-side institutions, with a healthy pipeline of prospective institutions expected to join in the first quarter of 2016.
Notes to editors
MTS Group facilitates a number of regulated electronic fixed income markets 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.
The individual companies within the MTS Group are regulated by financial services regulators in a number of European jurisdictions, including Financial Conduct Authority (FCA), Italian Ministry of Finance, Banca d’Italia and Consob, Autorité des Marchés Financiers (AMF). In the United States MTS Markets International Inc. is a member of FINRA and operates MTS BondsPro which is an ATS registered with the SEC.
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 Repo provides an order-driven market for the electronic transaction of repo agreements and buy/sellbacks in Italy. Agency Cash Management (ACM) is a UK-regulated electronic auction platform that uses the MTS Repo technology to enable investors to enter into secured money market investments via the tri-party repo mechanism.
MTS BondVision is a trusted and efficient multi-dealer-to-client electronic bond trading platform, delivering exceptional access for institutional investors direct to market makers. MTS BondVision is accessible in Europe from the Italian and the UK legal entities and in the US through the US legal entity of MTS Group (MTS Markets International Inc.). On the BondVision platform, MTS Group provides institutional investors with real-time pricing and the ability to trade with the major dealers.
MTS Credit provides a variety of electronic execution methods for a wide range of multi-currency non-government bonds, including covered, SSA, corporate and financial bonds. MTS Credit is composed of financial instruments available to trade on both BondVision and MTS Prime.
MTS Swaps leverages existing MTS Group distribution technology to deliver immediate access to a diverse range of liquidity providers through your chosen prime banks.
MTS Data is sourced directly and exclusively from the MTS interdealer market 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, in which MTS has a minority stake. 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 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. Currently, over 40 organisations and exchanges use the Group’s MillenniumIT trading, surveillance and post trade technology, including the Group’s own markets.
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