MTS and BondCliQ launch liquidity mapping tool for US corporate bonds

LSEG’s MTS has teamed up with BondCliQ to launch a liquidity data visualisation service.

The London Stock Exchange Group’s (LSEG) MTS Markets business has teamed up with market data specialist BondCliQ to develop a mapping tool for US corporate bond liquidity.

Combining MTS BondsPro’s real-time pricing information with BondCliQ’s data visualisation technology, BondTIQ, and TRACE data the service aims to provide users with a holistic view of pre- and post-trade information on liquidity.

“By harnessing MTS BondsPro’s data to power the Liquidity Mapping tools from BondTIQ, BondCliQ is able to provide a unique service which enables traders to better understand the market and quickly see prices for their potential trades and existing positions on the BondsPro platform,” said David Parker, head of US sales at MTS. “This is the perfect collaboration between MTS’ heritage in electronic fixed income and innovative new approaches to providing traders and portfolio managers with the tools they need.”

The US corporate bond liquidity mapping toll also provides a multi-dimensional interface that supports execution requirements by identifying sources of liquidity and assessing fair value according to the quoted MTS BondsPro market.

Chris White, CEO of BondCliQ, added that in today’s market liquidity is fractured and securing the bet price can be a complex challenge for market participants. “Through this partnership, we are making liquidity visible and allowing traders to understand liquidity flows and identify the right opportunities,” White said. “MTS BondsPro offers deep, real-time trade data into close to 20,000 US corporate bonds, making them the perfect partner to provide the data to power this innovative tool.”

Last month, MTS upgraded its electronic bond trading platform BondVision to include automated execution for request for quote (RFQ) orders and introduced several new features for more efficient low-touch trades.