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MTS Bondspro Launches 22-Hour Trading Day

Traders Magazine Online News, January 29, 2018

John D'Antona Jr.

MTS Markets, part of London Stock Exchange Group (LSEG), has extended the trading day to 22 hours, six days a week, on its BondsPro platform for corporate bonds and emerging market debt. Traders can now access liquidity and real-time execution on MTS BondsPro’s anonymous, all-to-all order book from 7pm ET until 5pm ET the following day, bridging market hours across Asia, Europe and the US.

As a truly global organization, the move is part of MTS’s strategy to connect markets and address client needs by helping to promote cross-border corporate bond trading activity. MTS currently connects a network of over 1,000 unique buy- and sell-side counterparties across 30 countries on its platforms. The extended trading hours complement the platform’s all-to-all model, enhancing liquidity by maximizing trading opportunities and market access for all participants.

David Parker, Head of US Sales at MTS Markets, said:
“We take our role in helping to enhance market liquidity and maximizing trading opportunities for clients seriously. MTS BondsPro achieved record volume growth in 2017, and a contributing factor to the increase was our ongoing effort to make the market accessible to as many buy- and sell-side participants as possible.  Extending trading hours to maintain a global market around-the-clock will further support this growth and we’re pleased that a leading global bank is now the first institution to utilize 22-hour trading.”

Brad Bailey, Research Director, Capital Markets, Celent, a division of Oliver Wyman, said:
“2018 is shaping up to be one of the most interesting years in fixed income trading in recent memory, as traders grapple with access to liquidity, regulatory changes like the implementation of MiFID II, a renewed focus by the SEC on fixed income market structure, all as a backdrop to potentially volatile rate and credit environment. These forces are shifting behaviors on fixed income platforms like MTS BondsPro, driving the demand for a holistic view of major markets and pricing around the clock in major time zones.”

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