06 February 2016

MTS agrees Bonds.com acquisition

06 March 2014  |  3731 views  |  0 Online Buy and sell button

London Stock Exchange-owned fixed income marketplace MTS has agreed to buy Bonds.com, a US-based platform for the electronic trading of corporate and emerging market bonds.

The deal - which will see MTS's US subsidiary buy 100% of Bonds outstanding shares in cash - will significantly expand the LSE's global fixed income offering.

Bonds offers real-time, executable orders on US corporate bonds and emerging market debt to over 600 buy- and sell-side institutions. Over 90% of all trades completed through the platform are conducted electronically.

A major player in the European bond market, MTS recently set up a US subsidiary, MTS Markets International, to offer buy-side participants the ability to directly access real-time pricing from "one of the deepest liquidity pools in Europe" and to trade electronically with European dealers via its BondVision platform.

Jack Jeffery, CEO, MTS Group, says: "The expanded product offering will enable us to meet the on-going industry and regulatory drive for greater transparency and efficiency in fixed income markets, through a competitive and cost-effective platform."

George O'Krepkie, president, Bonds.com, ads: "We believe that the trend towards greater electronic trading for fixed income products will continue as the customer base becomes increasingly global. MTS brings a wealth of experience in providing electronic platforms for fixed income trading, which will enable us to better serve our customers through increased product choice."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

20 February, 2014
31 July, 2013
15 November, 2010
25 January, 2007

Related company news

 

Top topics

Most viewed Most shared
Fintech rising: Resistance is futile, says...
9471 views comments | 47 tweets | 38 linkedin
Digital transformation driving earnings at...
8293 views comments | 40 tweets | 35 linkedin
ECB eyes up European P2P payments
7454 views comments | 27 tweets | 37 linkedin
Visa opens up to developers
6297 views comments | 23 tweets | 39 linkedin
Mondo releases API to let customers play w...
5733 views comments | 22 tweets | 21 linkedin

Featured job


Paris (France) or Brussels (Belgium)

Find your next job