AFTAs 2016: Best Partnership or Alliance—MTS Markets & Bloomberg
At first glance, this “two-wins-with-one-project” scenario might seem erroneous, but on closer inspection it not only makes sense, but is warranted in a market that continues to present participants with technology integration, market access and liquidity management headaches.
The proliferation of electronic trading across asset classes has given institutional investors numerous options in terms of execution venues, trading protocols and utilities, although connecting the technologies designed to improve market access to existing order management systems (OMSs) and EMSs continues to be a challenge. Connecting to multiple platforms for buy-side firms is unfeasibly complex and expensive, which means they are looking for trading venues to add to their existing OMSs and EMSs to guarantee the liquidity they seek.
MTS BondsPro, formerly Bonds.com, is an all-to-all credit and emerging market debt-trading platform operated by MTS Markets International (MMI). Through its institutional order book, BondsPro, facilitates access to a network of 650 buy-side and sell-side institutions in the US, UK and Switzerland. Since its acquisition by MMI in 2014, BondsPro has rolled out new technology, including HTML 5 and “pink” pricing (denoting liquidity from participants offering a 90 percent fill rate), designed to alleviate the challenges associated with electronic fixed-income trading.
In June last year, the BondsPro platform became available to Bloomberg’s TSOX users, providing them with a single liquidity pool for both USD and non-USD corporate bonds. Integrated access enables buy-side traders using TSOX to trade in the MTS liquidity pool directly from their Bloomberg terminals. They benefit from increased price discovery by way of real-time ticking bond prices and more streamlined trading options through the platform’s click-to-trade function, with the ability to leave anonymous resting orders directly from their terminals.
TSOX folds trading on BondsPro into existing workflows, ensuring integrated, streamlined support of audit, compliance, straight-through-processing, pre- and post-trade analytics, and post-trade workflows such as allocations. Thus, traders can act as price takers and hit bids or lift offers directly from the Market Data Monitor view on TSOX.
TSOX folds trading on BondsPro into existing workflows, ensuring integrated, streamlined support of audit, compliance, straight-through-processing, pre- and post-trade analytics, and post-trade workflows such as allocations. Thus, traders can act as price takers and hit bids or lift offers directly from the Market Data Monitor view on TSOX.
While it is still early days in this partnership, Waters expects to hear a lot about this initiative in the coming months as buy-side firms continue to seek help on the e-fixed-income trading front.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Waters Rankings 2024: Best cloud infrastructure provider—IPC Systems
Product/service: Connexus Cloud
Waters Rankings 2024: Best buy-side order management system (OMS) provider—SS&C Technologies
Product/service: Eze OMS
Waters Rankings 2024: Best reconciliation management provider—Duco
Product/service: Duco platform
Waters Rankings 2024: All the winners and why they won
WatersTechnology readers voted to determine the winners in 35 technology and data categories comprising this year’s virtual Waters Rankings.
Waters Rankings 2024: Best reference data provider—Association of National Numbering Agencies (ANNA)
Product/service: ANNA Service Bureau (ASB)
Waters Rankings 2024: Best corporate actions solution provider—SIX
Product/service: Global Corporate Actions service