- HTML 5 technology streamlines electronic trading process
- Redesigned functionality enhances user experience
- New colour coding for firm pricing improves speed for customers
- Part of wider initiative to extend cross border liquidity in credit market
MTS Markets International, Inc., part of London Stock Exchange Group (“LSEG”), today announced the launch of pure web-based trading on MTS BondsPro, its live trading platform for US Corporate and emerging market debt. The platform enhances MTS’s credit offering in the UK and US as it continues to develop new technology to promote and extend its unique fixed income liquidity structure internationally.
The new HTML 5 technology includes a colour enhancement feature that indicates ‘firm’ pricing to improve speed for customers. This enables users to view Tier 1 pricing from the most reliable liquidity sources available. As MTS continues to develop stronger relationships with liquidity providers, the posting of firm pricing will accelerate the adoption to fully electronic trading.
The MTS BondsPro platform allows both dealer and buy-side accounts to have the same access to the MTS centralized liquidity pool while remaining completely anonymous. The new offering enables login directly via a web browser, bypassing the need to download software packages and, as a result, reduces IT expense and creates timesaving efficiencies. Improved GUI (graphical user interface) flexibility allows users to modify their live trading screen view and sort by sector, ticker, coupon, maturity, size and price. The migration to pure web-based trading is part of a series of upgrades that include enhanced API (application program interface) trading and improved list trading functionality. Future enhancements can now be deployed quickly due to the flexibility of the HTML5 framework.
Amanda Meatto, Head of US Credit Sales at MTS Markets International, said:
“MTS BondsPro offers something unique to the market through our institutional all-to-all order book and cross-border liquidity pool. Following client feedback, we have significantly improved the interface functionality and user experience and, with fewer clicks to trade, streamlined the execution process.”
Mark Monahan, CEO of MTS Markets International, added:
“The transition to web-based trading is an important step forward in our continued growth in the US at MTS. We have had very favorable feedback from clients on our new HTML 5 platform and are thrilled to bring it to market. As the move from voice brokerage to electronic trading intensifies, we will continue to invest in the platform to ensure optimum performance and trading functionality.”
To expand its Credit offering for US clients, MTS acquired Bonds.com in May 2014 and renamed the credit platform MTS BondsPro. Today, the all-to-all platform facilitates access to a diverse network of over 650 buy- and sell-side institutions across the US and UK.