MTS Markets International, Inc., a London Stock Exchange Group (LSEG) company, today announced its authorisation as a recognised foreign exchange in Switzerland, enabling Swiss sell- and buy-side participants to trade US corporate and emerging market debt in an all-to-all electronic trading environment, MTS BondsPro ATS (alternative trading system).
Following regulatory approval by the Swiss Financial Market Supervisory Authority (FINMA), institutions domiciled in Switzerland can now trade a range of USD denominated corporate bonds, with a diverse network of counterparties in the US and UK.
Through MTS BondsPro, Swiss institutional traders have direct access to participate in an all-to-all electronic order-book, with over 50,000 live corporate bond prices and a growing network of 300 dealers and 350 buy-side institutions.
Mark Monahan, CEO of MTS Markets International, said: "With liquidity an ever-present issue in the global credit markets, using technology to facilitate cross border flows has become more crucial than ever. By enabling Swiss market participants to trade in MTS BondsPro’s liquidity pool, we continue to further diversify the network for the benefit of the market overall."
MTS acquired the Bonds.com platform, now MTS BondsPro, in May 2014 to expand its credit offering for US and UK clients.