The London Stock Exchange Group’s (LSEG) MTS Markets business has upgraded its electronic bond trading platform BondVision to include automated execution for request-for-quote (RFQ) orders.
The company said in a statement that the dealer-to-client platform has undergone a complete graphical user interface (GUI) redesign and introduced several new features, including the automated RFQ trading, to bring further efficiency to low-touch trades.
Traders will able to upload trades directly from their order management system (OMS) where BondVision handles the RFQ and execution. More than 20 auto-execution parameters can be configured in the platform, giving traders more control over orders, according to MTS.
“Automation is key to trading strategies in today’s fixed-income market, so it is critical that participants have the best tools available to ensure efficient execution,” said Fabrizio Testa, CEO of MTS.
“The redesigned MTS BondVision places its users front and centre, delivering an intuitive platform that’s not only easy to use, but supports participants to make the best trading decisions through innovative automation features including auto execution and real-time data.”
MTS added that the BondVision upgrade puts its interdealer data at the centre of the user experience, with real-time trade data from 18 interdealer markets available via a single dashboard.
“The European government bond market’s velocity and ever shrinking margins require dealers to be able to auto-quote and enable automated trading strategies with RFQs between themselves and also with the buy side,” Josephine de Chazournes, senior analyst at Celent, also commented.
“As the buy-side is also under more costs constrains they need to be able to leverage technology to increase their speed and accuracy to request and respond to quotes with automated trading tools such as the one MTS BondVision has just released.”