Monday June 5 2017

News Source: Global Exchanges

Focus: Other

Type: General




On 2nd June 2017, MTS, one of Europe’s premier fixed income trading venues launched its new dealer-to-client (D2C) Global Collateral Management (GCM) segment for the repo market on MTS BondVision UK.

MTS will offer an RFCQ trading mechanism alongside a trade registration facility.

Dealers and clients will benefit from a variety of new features, including:

  • RFCQ efficiencies through automation: clients can send single line or “list” RFCQs to their dealers, with an import function to allow easy upload of bond portfolio
  • Straight through processing: dealers benefit from existing STP efficiencies, with trades co-mingled in their current blotter, whilst clients benefit from a full audit trail for proof of best execution
  • Flexible tri-party baskets: MTS will list participants’ bespoke tri-party baskets, with visibility restricted to approved dealer-client combinations
  • Full control of streaming of indicative quotes for dealers: dealers can stream axes, linked to their interdealer market quotes, to their configured clients on a proposal by proposal basis, directing them to relevant pools of liquidity and leading to improved access to funding and pricing
  • Highly granular credit line matrix – full control over trading counterparties with credit lines configurable by counterparty and instrument class with max tenor limits for each line and haircut capabilities

Please click on the above link for more information.