MTS BondsPro Incorporates non-USD Denominated Corporate Bond Trading
EuroTLX and MTS are looking into a partnership to meet customer demand in the US.
The BondsPro platform can now offer liquidity on over 9,000 non-USD Cusips. Users also have access to one liquidity pool for USD and non-USD corporate bonds, which includes GBP, EUR, AUD, CAD, HKD, NOK, NZD and SEK denominations.
EuroTLX, an electronic, European fixed-income multilateral trading facility (MTF) owned by LSEG, and MTS are also evaluating the possibility of EuroTLX addressing customer demand in the US. The move is aimed at supporting LSEG's strategy of promoting cross-border trading and firm liquidity in the credit markets.
"The addition of non-USD corporate bonds to our MTS BondsPro platform is in response to customer demand," said Mark Monahan, CEO of MTS Markets International, in a statement. "By giving customers access to a single global liquidity pool for bonds issued by companies both in the US and elsewhere, we are facilitating cross-border flows and widening the network of bonds available. More specifically, there is strong demand for EuroTLX liquidity in the US and we look forward to working together with EuroTLX to ascertain how our broker dealer can assist this prestigious LSEG platform in 2016."
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