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, added:
“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.”
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For further information:
Mark Benhard +1 212 314 1199
Ed Clark +44 (0)20 7797 1222