MTS BondVision Repo: D2C Electronic Repo Trading

MTS BondVision introduces the electronic trading of Repo contracts to the BondVision platform combining 20 years of experience in the interdealer Repo markets with the latest innovation in dealer to client execution.

By adding Repo trading to BondVision, clients and their dealer counterparties are able to easily transact Repo contracts via established relationships and the familiar Request for Quote functionality. Clients may easily mitigate manual and labour-intensive processes onto a regulated electronic venue whilst maintaining sales and trader relationships and optimising execution and post-trade flows.

Community

  • BondVision Repo links the established MTS network of over 100 dealers with the BondVision client universe including Central Banks, asset managers, hedge funds and treasury desks
  • Current BondVision Cash clients can be enabled for Repo trading immediately
  • New clients will likely find their preferred dealers already active

Integration and Connectivity

  • Technically available immediately to every dealer on the MTS Interdealer Repo market and clients on BondVision trading Cash products
  • Both dealer and client functionality already supported and available in installed MTS and ISV trading software
  • Single integrated buy-side front end software for both Repo and Cash trading
  • Import and stage orders from spreadsheets today with full order staging via FIX coming soon

Profile

  • Designed to support both the client/dealer and trader/sales relationships
  • Profiled access with admin, view and trading permissions

Functionality

  • Live streaming axes and inventory quotes shared by dealers to their clients
  • Trading via Request for Quote supporting single bond, RFQ Lists and bond versus bond packaged trades
  • Trade individual ISINs, General Collateral and bespoke Triparty baskets
  • Right of substitution and calls
  • Historic aggregated Repo trade data from the interdealer market available to clients for reference

Coverage

  • Multi-currency support for GBP, USD and Euro

Regulation

  • Licensed as an MTF in the UK and Europe
  • Dedicated SFTR Blotter and assisted reporting to UnaVista Trade Repository
  • Full audit trail to meet best execution requirements

Settlement and Clearing

  • Support for multiple sub-accounts/funds with unique credit controls
  • Sponsored Clearing for buy-side participants through automated connectivity to LCH
  • Range of post-trade STP solutions including "plug and play" FIX Gateway and manual and auto blotter exports