MTS BondsPro Expands Trading Day
Traders can now access liquidity and real-time execution on MTS BondsPro’s anonymous, all-to-all order book from 7 pm ET until 5 pm ET the following day, bridging market hours across Asia, Europe, and the US.
As a truly global organization, the move is part of MTS’s strategy to connect markets and address client needs by helping to promote cross-border corporate bond trading activity. MTS currently connects a network of over 1,000 unique buy- and sell-side counterparties across 30 countries on its platforms. The extended trading hours complement the platform’s all-to-all model, enhancing liquidity by maximizing trading opportunities and market access for all participants.
“Extending trading hours to maintain a global market around-the-clock will further support this growth and we’re pleased that a leading global bank is now the first institution to utilize 22-hour trading,” said David Parker, head of US sales at MTS Markets.
The announcement is another factor beyond MiFID II’s implementation and the SEC’s focus on fixed income market structure that is making 2018 a very interesting year regarding fixed income trading, according to Brad Bailey, research director, capital markets at Celent, a division of Oliver Wyman.
“These forces are shifting behaviors on fixed income platforms like MTS BondsPro, driving the demand for a holistic view of major markets and pricing around the clock in major time zones,” he said.
Electronification of the municipal bond market also presents a large opportunity.
The success of Northbound trading showed electronic execution is way forward for the bond market.
Algorithms have become more prevalent in the spot FX market.
Increased electronification has created useable and accessible real-time and historic trade data.
Buy-side firms can discover liquidity more efficiently and execute on Turquoise.