Friday May 10 2013

News Source: Global Exchanges

Focus: Fixed Income

Type: General




MTS, a European electronic fixed income marketplace, have announced plans to launch a platform for U.S. institutional investors. The platform will enable U.S. buy-side participants to directly access real-time pricing from one of the deepest liquidity pools in Europe for the first time, and execute European and U.S. government, agency, mortgage, and corporate bonds with major dealers.

MTS Markets International Inc, a wholly-owned US subsidiary, has received approval for membership as a FINRA-regulated broker-dealer. Mark Monahan has been appointed as chief executive of MTS Markets International Inc. Monahan was previously CEO of Ballista Securities LLC (acquired by the Intercontinental Exchange in 2011) and CEO of ICAP Electronic Brokerage in Asia Pacific.

MTS will initially offer European and U.S. 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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