MTS targets emerging markets with Mexican bonds expansion

MTS has signed an agreement with Marco Polo Securities to provide access to clients in Latin America to the BondsPro trading platform.

The London Stock Exchange Group’s fixed income trading business MTS has expanded its client reach in Mexico through a new partnership with Marco Polo Securities.

The MTS BondsPro electronic trading platform will be made available to Marco Polo Securities’ Mexican institutional clients in Latin America as part of the marketing agreement, while fixed income traders gain electronic order book access to Mexican peso-denominated corporate and treasury bonds.

“Given the heightened market volatility in recent months, it is more important than ever that fixed income traders globally have access to robust tools,” said David Parker, head of MTS Markets International.

“We are delighted to extend access to our rapidly growing MTS BondsPro global fixed income community to a wider set of global market participants. This is a sign of growing global electronic volumes and a reflection of the increasing appeal of the all-to-all trading model for fixed income traders.”

MTS added that the partnership with Marco Polo Securities is part of its focus on the emerging markets trading community. Trading volumes from emerging markets more than doubled between 2018 and 2019 on the MTS BondsPro platform, highlighting the increased demand for electronic trading in emerging markets fixed income securities.

“MTS BondsPro is a new liquidity venue for Latin American fixed income institutional investors and we are excited to partner with a global brand and proven technology leader as we return to our mission of bringing efficiencies to Latin America’s capital markets,” stated Chava Salvador Palma, head of sales Latin America, Marco Polo Securities.

Earlier this month, MTS launched an electronic unsecured money market trading platform known as MTS Depo. The platform was developed in response to money market traders calling for access to more diverse forms of funding.