- Pioneering electronic order book access for Mexican peso-denominated corporate and treasury bonds
- At time of heightened global market volatility, traders gain improved access to Mexican bonds and other markets with global BondsPro offering
- Another step in MMI’s strategy to expand electronic access to fixed income tools for the global emerging market trading community
New York - MTS Markets International (MMI), part of London Stock Exchange Group (LSEG), through its marketing agreement with Marco Polo Securities (MPS), has expanded its client reach in Mexico. MPS will introduce the MTS BondsPro electronic trading platform to new and existing Mexican institutional clients in Latin America.
As part of this expansion, fixed income traders will have electronic order book access to Mexican peso-denominated corporate and treasury bonds, and will become part of the international BondsPro trading community of more than 600 broker dealers and buy-side clients participating in the BondsPro all-to-all order book. Growing benefits of MTS BondsPro participation include liquidity from over 100 dedicated providers, access to over 20,000 corporate bonds with live prices daily, and a robust pre-trade data offering.
This move is part of a growing focus by MMI on the emerging markets trading community. In fact, MTS BondsPro volume from emerging markets more than doubled from 2018 to 2019, consistent with a growing interest in electronic trading of emerging market fixed income securities by global investors.
David Parker, Head of MTS Markets International:
“Given the heightened market volatility in recent months, it is more important than ever that fixed income traders globally have access to robust tools. We are delighted to extend access to our rapidly growing MTS BondsPro global fixed income community to a wider set of global market participants. This is a sign of growing global electronic volumes and a reflection of the increasing appeal of the all-to-all trading model for fixed income traders. We look forward to improving our access and service to our clients while welcoming new joiners to the BondsPro community.”
Chava Salvador Palma, Head of Sales Latin America, Marco Polo Securities:
“Marco Polo has a long history of innovation in the electronification of Latin American markets. MTS BondsPro is a new liquidity venue for Latin American fixed income institutional investors and we are excited to partner with a global brand and proven technology leader as we return to our mission of bringing efficiencies to Latin America’s capital markets.”
- Ends -
For further information:
Media
Tim Benedict (US LSEG) - +1 917-582-0641; tbenedict@lseg.com
Ollie Mann (LSEG) - +44 (0)20 7797 1746; omann@lseg.com
Matt McConnell (MP) - +1 347-745-6448 / 914-960-9711
Notes to editors:
*BondsPro is a US-registered ATS available to clients with trading authorization in the US, UK, Switzerland, Bulgaria and Malta.
About MTS:
MTS Group facilitates a number of regulated electronic fixed income trading platforms across Europe and the US that are managed centrally to help ensure optimum levels of global harmonisation and consistency. Over 500 unique counterparties trade an average volume of €100 billion each day on these platforms.
MTS Cash is a comprehensive and professional cash securities trading environment for the interdealer marketplace. MTS cash includes several domestic markets regulated in different jurisdictions enabling primary dealers to access unparalleled liquidity, transparency and coverage.
MTS Italy Repo Segment is a regulated market operated by MTS S.p.A. under the supervision of the Italian Ministry of Treasury, Bank of Italy and Consob. The GCM Segment also allows trading in repo instruments and it is offered from both BondVision EU MTF and BondVision UK, respectively under the supervision of Consob and the FCA.
MTS BondVision is a trusted and efficient multi-dealer-to-client electronic bond trading platform, delivering exceptional access for institutional investors direct to dealers. BondVision provides institutional investors with real-time pricing and the ability to trade with the major dealers. It is available in Europe as a multi-lateral trading facility operated by MTS S.p.A under supervision of Consob. In the UK it is operated by EuroMTS under supervision of the Financial Conduct Authority. In the US it is operated by MTS Markets International Inc., which is a member firm of the Financial Industry Regulatory Authority, Inc. (FINRA) and the Securities Investor Protection Corp (SIPC)
MTS BondsPro is the a trading platform that supports Corporate Bond trading. MTS BondsPro is an Alternative Trading System registered with the Securities and Exchange Commission (SEC) and operated by MTS Markets International Inc.
MTS Data is sourced directly and exclusively from the MTS markets and includes benchmark real-time data, reference data, reference prices and historical data, providing the benchmark data source on the fixed income market.
FTSE MTS Indices are operated by FTSE TMX Global Debt Capital Markets. They provide independent, transparent, real-time and tradable Eurozone fixed income indices, based on tradable prices from MTS. FTSE MTS indices are tracked by (and can be traded via) around 40 ETFs in addition to numerous structured products.
For more information, visit www.mtsmarkets.com.
About London Stock Exchange Group:
London Stock Exchange Group (LSE.L) is an international markets infrastructure business. Its diversified global business focuses on capital formation, intellectual property and risk and balance sheet management. LSEG operates an open access model, offering choice and partnership to customers across all of its businesses. The Group can trace its history back to 1698.
The Group operates a broad range of international equity, ETF, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS (Europe's leading fixed income market); and Turquoise (a pan-European equities MTF). Through its platforms, LSEG offers market participants, including retail investors, institutions and SMEs unrivalled access to Europe’s capital markets. The Group also plays a vital economic and social role, enabling companies to access funds for growth and development.
Through FTSE Russell, the Group is a global leader in financial indexing, benchmarking and analytic services with approximately $15 trillion benchmarked to its indexes. The Group also provides customers with an extensive range of data services, research and analyticsthrough Mergent, SEDOL, UnaVista, XTF, RNS and The Yield Book.
Post trade and risk management services are a significant part of the Group’s business operations. In addition to majority ownership of LCH, a multi-asset global CCP operator, LSEG owns CC&G, the Italian clearing house; Monte Titoli, a leading European custody and settlement business.
LSEG Technology develops and operates high performance technology solutions, including trading, market surveillance and post trade systems for over 40 organisations and exchanges, including the Group’s own markets. Additional services include network connectivity and hosting.
Headquartered in the United Kingdom, with significant operations in North America, Italy, France and Sri Lanka, the Group employs approximately 4,500 people.
Further information on London Stock Exchange Group can be found at www.lseg.com.
About Marco Polo Securities Inc.:
Marco Polo Securities is a US broker-dealer offering cross-border regulatory and distribution solutions to a robust network of local securities firms across the globe. Through our Marco Polo Passport platform we deliver technology solutions to bridge cross border divides in accessing the widest range of local market financial products. Marco Polo is a member of FINRA, NFA and SIPC. Further information can be found at https://www.mpsecurities.com
Published on 05/19/2020