MTS Live low-latency data supports growth of fixed income trade automation

Source: LSEG

MTS, one of Europe’s premier fixed income trading venues, is supporting growth in the use of automated trading strategies in the European fixed income markets with its ultra low-latency market data offering, MTS Live.


MTS Live was built to provide traders with ultra low latency, tick-by-tick data. It enables participants to tackle unprecedented levels of price volatility, mitigate latency risk and trade on a regulated platform, MTS Cash.

Now available in over 12 markets, MTS Live provides market participants with a comprehensive source of pre- and post-trade market data, sourced from the MTS Cash electronic platform for European government bonds.

MTS Live provides data from an un-aggregated order book with every visible price, order and trade for the most liquid bonds traded on MTS Cash. The depth of liquidity comes from over 100 participants trading more than 1,100 bonds, all generating on average 30,000,000 executable prices per day.

Data is delivered via FIX-FAST protocol to minimise latency. MTS Live can also be used in conjunction with co-location in the same data centre as the MTS matching engine to provide continuous insight into price movements.

Simon Linwood, Head of Credit Markets and Data at MTS said: "Ultra low-latency market data is now firmly established as a critical component of today’s fixed income market, enabling MTS Cash participants to feed trading strategies and meet best practice requirements.

"This is particularly important for MTS Cash participants deploying algorithmic trading systems, as the provision of high quality, consistent low-latency data is critical to feed their trading strategy of choice."

MTS has recently on-boarded 12 sell-side institutions, with a healthy pipeline of prospective institutions expected to join in the first quarter of 2016.


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