MTS launches RFQ trading for ETFs

-       MTS BondVision platform offers institutional investors access to trade ETFs and to meet best
        execution requirements

-       ETFs listed on Borsa Italiana and London Stock Exchange available to trade on MTS BondVision

-       BondVision RFQ to offer access to a diverse range of liquidity providers in a fast and efficient manner

 

MTS, Europe’s premier fixed income trading venue, is to launch Request-for-Quote (RFQ) trading for ETFs via its multi-dealer-to-client MTS BondVision platform. The new service will offer liquidity providers access to a diverse community of global institutional investors. 

The platform will support ETF products listed on Borsa Italiana and London Stock Exchange. By offering RFQ as a new execution method in addition to the order book trading functionality currently offered by the two exchanges, MTS is seeking to improve the efficiency of executing these products and increase trading opportunities for all market participants.

MTS BondVision is a fully independent, broker-neutral platform that lets investors request quotes on ETFs from up to five dealers, enabling them to meet best execution requirements, reduce risk and enhance efficiency throughout the trade lifecycle. ETF issuers available via BondVision include Amundi, Db X-trackers, ETF Securities, iShares, Lyxor, Ossiam, PowerShares, RBS, Source, SPDR and UBS. 

Fabrizio Testa, Head of Product Development at MTS said: “The addition of ETF products on MTS BondVision is a further expansion of our offering. It will provide our customers with access to these increasingly popular products, enabling them to meet best execution requirements alongside our leading-edge technology and extensive pre- and post-trade functionalities.”

Pietro Poletto, Head of Fixed Income Markets at London Stock Exchange Group said: “This is a very exciting development for the Group. We are delighted to extend the trading opportunities for ETFs listed on our markets, which will offer institutional buy side participants an increased choice of execution methods for these highly popular products. The use of the Request-for-Quote system, via the MTS BondVision platform, will significantly enhance the efficiency of off-book trades and enable easy access for the global buy-side community in-line with their unique trading strategies.”

Available ETFs include:

  • Bonds: Government, Emerging and Corporate;
  • Equities: Euro, Emerging, Leveraged, World;
  • Commodities;
  • Money Markets; and
  • Macro

 - Ends -

 

For further information:

  

  

Media

 

Lucie Holloway

+44 (0)20 7797 1222
newsroom@lseg.com

 

Notes to editors:

About MTS:

MTS is Europe’s premier facilitator for the electronic fixed income trading market, with over 500 unique counterparties and average daily turnover exceeding EUR 85 billion. MTS customers benefit from its relationship with Europe’s leading diversified exchange business, the London Stock Exchange Group, which operates the largest and most liquid equity marketplace in Europe. 

MTS markets provide the professional trading environment for the interdealer marketplace, enabling primary dealers from across the globe to access unparalleled liquidity, transparency and coverage.

The MTS Repo platform delivers an order driven market for the electronic transaction of repo agreements and buy/sellbacks. ACM is an 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 further facilitates the dealer-to-client bond market through BondVision, a most trusted and efficient electronic bond trading market, delivering exceptional access for institutional investors direct to the market makers, while MTS Credit delivers an electronic market for a wide range of multi-currency non-government bonds.

Through our US broker dealer, we provide US institutional investors with real-time pricing and the ability to trade electronically with all the major European dealers on the BondVision US platform.

MTS Data is sourced directly and exclusively from the MTS interdealer market and includes benchmark real-time data, reference data, reference prices, historical data, providing the benchmark data source on the fixed income market.

MTS Indices provide the first independent, transparent, real-time and tradable eurozone fixed income indices, based on tradable prices from MTS. MTS indices are tracked by (and can be traded via) around 40 ETFs in addition to numerous structured products.

 

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) is a diversified international exchange Group that sits at the heart of the world's financial community. The Group can trace its history back to 1801.

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 the pan-European MTF, Turquoise. Through its markets, 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. LSEG operates CC&G, the Rome headquartered CCP and Monte Titoli, the significant European settlement business, selected as a first wave T2S participant. The Group is also a majority owner of leading multi-asset global CCP, LCH.Clearnet.

The Group offers its customers an extensive range of real-time and reference data products, including Sedol, UnaVista, Proquote and RNS, as well as access to over 200,000 international equity, bond and alternative asset class indices, through LSEG’s world leading index provider, FTSE.

London Stock Exchange Group is also a leading developer of high performance trading platforms and capital markets software. In addition to the Group’s own markets, over 30 other organisations and exchanges around the world use the Group’s MillenniumIT trading, surveillance and post trade technology.

Headquartered in London, United Kingdom with significant operations in Italy, France, North America and Sri Lanka, the Group employs approximately 2,800 people.

Further information on London Stock Exchange Group can be found at: www.lseg.com