MTS to launch bond platform for US institutional investors
14 May 2013 London
Image: Shutterstock
MTS, a European electronic fixed income marketplace, is to launch a platform for US institutional investors.
The platform aims to enable buy-side participants to directly access real-time pricing from what it calls “one of the deepest liquidity pools in Europe” for the first time, and execute European and US government, agency, mortgage, and corporate bonds with major dealers.
MTS Markets International has been approved as a FINRA-regulated broker-dealer, and has appointed Mark Monahan as its chief executive. Monahan was previously CEO of Ballista Securities (acquired by the Intercontinental Exchange in 2011) and CEO of ICAP Electronic Brokerage in Asia Pacific.
Jack Jeffery, CEO of MTS said: “Building out our fixed income presence in the US is a natural extension for MTS and London Stock Exchange Group. By expanding the reach of our pricing and trade execution, we are not only responding to the on-going regulatory push for greater transparency and efficiency, but providing an attractive, competitive and cost-effective alternative to an important community of institutional investors.”
Monahan added that increasing regulation, alongside continued uncertainty in the sovereign and credit markets, has accelerated the demand for more efficient, informed and connected execution venues.
“MTS is ideally positioned to answer this need by providing institutional investors with a transparent window into the European marketplace.”
MTS will initially offer European and US government, agency, corporate and covered bond markets. These services will immediately access pricing and liquidity from the dealer-to-client platform MTS BondVision.
The platform aims to enable buy-side participants to directly access real-time pricing from what it calls “one of the deepest liquidity pools in Europe” for the first time, and execute European and US government, agency, mortgage, and corporate bonds with major dealers.
MTS Markets International has been approved as a FINRA-regulated broker-dealer, and has appointed Mark Monahan as its chief executive. Monahan was previously CEO of Ballista Securities (acquired by the Intercontinental Exchange in 2011) and CEO of ICAP Electronic Brokerage in Asia Pacific.
Jack Jeffery, CEO of MTS said: “Building out our fixed income presence in the US is a natural extension for MTS and London Stock Exchange Group. By expanding the reach of our pricing and trade execution, we are not only responding to the on-going regulatory push for greater transparency and efficiency, but providing an attractive, competitive and cost-effective alternative to an important community of institutional investors.”
Monahan added that increasing regulation, alongside continued uncertainty in the sovereign and credit markets, has accelerated the demand for more efficient, informed and connected execution venues.
“MTS is ideally positioned to answer this need by providing institutional investors with a transparent window into the European marketplace.”
MTS will initially offer European and US government, agency, corporate and covered bond markets. These services will immediately access pricing and liquidity from the dealer-to-client platform MTS BondVision.
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