February 06, 2019
MTS sees record trading on its Repo markets in January
- MTS Repo sees highest ever trading day on 21 January 2019
- January was a record month for repo market activity on MTS
- MTS, the electronic trading platform that is part of London Stock Exchange Group, set a record day for repo trading on 21 January 2019. Term adjusted volume on that day was close to three quarters of a trillion Euros.
- This contributed to new record average daily term adjusted volume on MTS Repo markets of €220 billion for the month of January.
- MTS delivers one of the primary sources of liquidity in European Repo via both its interdealer central limit order book and the dealer to client RFQ based segment of BondVision called Global Collateral Management (GCM). The MTS Repo interdealer market brings together 150 unique sellside counterparties across Europe whilst GCM gives buy-side institutions access to state-of-the-art trading tools, full FIX post trade integration and dealer distributed axes via a new front end GUI that integrates both cash and repo trading.
- Tim Martins, Head of Money Market Product Management, MTS:
“Strong underlying volumes in our day to day funding business were complemented by an increase in longer term General Collateral trading, reflecting a return to risk positioning via repo from some banks. Good term volumes on our GCM, dealer to client repo market mirrored this, with banks increasingly looking to move their client business onto electronic trading venues ahead of SFTR reporting go-live dates next year.”
About LSEG
LSEG (London Stock Exchange Group) is a leading global financial markets infrastructure and data provider, playing a vital social and economic role in the world’s financial system.
With our open approach, trusted expertise and global scale, we enable the sustainable growth and stability of our customers and their communities. We are dedicated partners with extensive experience, deep knowledge and a worldwide presence in data and analytics; indices; capital formation; and trade execution, clearing and risk management across multiple asset classes.
LSEG is headquartered in the United Kingdom, with significant operations in over 60 countries across EMEA, North America, Latin America and Asia Pacific. We employ 25,000 people globally, more than half located in Asia Pacific. LSEG’s ticker symbol is LSEG.