Buy-Side Firms Begin Trading Corporates Via MTS API

Mark Monahan, CEO of MTS Markets International

MTS Markets International announced liquidity-provisioned trades by buy-side institutions through its enhanced application program interface (API) on MTS have begun taking place.

The first API-based trade coming from a buy-side generated price took place on the platform last month, as a reduction in dealer inventory has seen larger asset managers move into market making for corporate bonds.

"Seamless price making and processing by the buy-side has now become an important part of this environment, and innovations such as our API launch reflect the importance of rapidly responding to marketplace demands," said Mark Monahan, CEO of MTS Markets International, in a statement. "We are delighted that key fixed income asset managers have already taken advantage of this opportunity, and we expect more to follow in the upcoming weeks."

MTS bought in March of this year, adding odd-lots trading to its established platform for larger blocks.

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