MTS Markets International Launches BondVision US Trading Platform
- Offers global network of counterparties and premium liquidity vis-à-vis MTS BondVision
- Provides US Institutional investors unparalleled access to European bond market
- Allows MTS to further penetrate US market in wake of global demand for fixed income products
MTS Markets International, Inc., a London Stock Exchange Group (“LSEG”) company, today announced that its *BondVision US Trading Platform is fully operational. As a result, institutional investors and other market participants can actively trade European fixed income products in the US. MTS BondVision connects directly to one of the largest networks of global liquidity providers via a single platform. Operating as an ATS in the US, the platform delivers unrivalled transparency by offering a comprehensive view of inter-dealer prices, streamed from 25 market-making banks, enabling a diverse buy-side community to trade on premium liquidity. In particular, this dealer-to-client platform facilitates trading government bonds from 30 different European countries, with a particular focus on peripheral markets including Spain, Italy and France.
MTS BondVision has over 2,000 active users and 200 institutions in Europe using the platform daily. Year-over-year volume on this platform grew by 29% between 2013-2014. With the rapid rise in electronic trading among market participants and the renewed global interest in fixed income products, demand continues to rise, especially in light of recent market events in Europe, including the removal of the cap on the Swiss franc, the European Central Bank’s (ECB) decision to introduce QE, and national elections in Greece.
Mark Monahan, CEO, MTS Markets International, said:
“We are thrilled that our BondVision US platform is now ready for active trading. Given the increased activity in the European peripheral markets, the interest level in our trading capabilities is high. We have achieved critical mass for liquidity providers and already have some of the biggest pension funds and asset managers in the US ready to trade. The US market seems to believe that the best source of European fixed income liquidity and market data is a from a European provider - and we are excited to satisfy this need.”
Barry Cohen, Managing Director, Societe Generale
“From a dealer’s perspective, connecting with our US-based clients on our strongest product offerings, such as European Government bonds, remains the key to our success and growth in the US portion of our business. MTS BondVision US will be another technology that enables us to broaden our core distribution in the US, and we embrace these tools wholeheartedly.”
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, Consob, Autorité des Marchés Financiers (AMF), and in the United States by FINRA and 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 cash-rich 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. 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.