05.12.2014

MTS Completes Acquisition of Bonds.com

05.12.2014

TS Markets International Inc. (“MTS US”), a wholly-owned U.S. subsidiary of MTS, has completed its acquisition of Bonds.com Group (“Bonds”) (BDCG.), a U.S. based electronic trading platform for U.S. corporate and emerging market bonds. MTS US has acquired 100 per cent of Bonds’ outstanding shares, as previously announced on 6 March 2014.

The transaction meets the growing customer and regulatory demand for access to transparent, electronic, cost-effective platforms for the trading of fixed income securities. Going forward, MTS intends to utilise its extensive expertise in fixed income to provide Bonds with support and investment to further build its product offering, enabling U.S. fixed income traders to meet their domestic and international needs.

MTS is majority owned by London Stock Exchange Group (LSEG).

– Ends –

For further information:

Media

Lucie Holloway +44 (0)20 7797 1222

Mark Benhard +1 212 314 1199

newsroom@lseg.com

 

Notes to editors:

About MTS Group

MTS provides a professional trading environment for the interdealer marketplace, enabling primary dealers to access unparalleled liquidity, transparency and coverage.  MTS delivers electronic fixed income trading, market data and indices and have over 500 unique counterparties and average daily volumes of €100 billion.

MTS Cash is a comprehensive and professional cash securities trading environment for the interdealer marketplace.  The MTS Repo platform provides an order-driven market for the electronic transaction of repo agreements and buy/sellbacks, while 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 BondVision is a trusted and efficient multi-dealer-to-client electronic bond trading platform, delivering exceptional access for institutional investors direct to market makers.  Through its US broker dealer, MTS provides US institutional investors with real-time pricing and the ability to trade with all the major European dealers on the BondVison platform.

MTS Credit delivers an electronic market for a wide range of multi-currency non-government bonds, including covered, SSA, corporate and financial bonds. MTS Swaps leverages existing MTS distribution technology to deliver immediate access to a diverse range of liquidity providers through your chosen prime banks.

MTS Data is sourced directly and exclusively from the MTS interdealer market and includes benchmark real-time data, reference data, reference prices and historical data, providing the benchmark data source on the fixed income market. MTS Indices are operated by FTSE TMX Global Debt Capital Markets, in which MTS has a 3 per cent stake. They provide 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 equities platform, 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 and growing 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. FTSE calculates thousands of unique indices that measure and benchmark markets and asset classes in more than 80 countries around the world.

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

Related articles