MTS BondsPro pushes into Mexican bond markets

Dan Barnes

Fixed income market operator MTS Markets, part of London Stock Exchange Group (LSEG), has expanded its reach into Mexico via a marketing agreement with US-registered broker-dealer Marco Polo Securities (MPS), which will introduce the MTS BondsPro electronic trading platform to new and existing Mexican institutional clients in Latin America.

Salvador Palma, head of Sales Latin America, Marco Polo Securities says, “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.”

As part of this expansion, fixed income traders will have electronic order book access to Mexican peso-denominated corporate and treasury bonds, and will become part of the international BondsPro trading community. Currently the firm reports over 600 broker dealers and buy-side clients are engaged in the BondsPro all-to-all order book.

David Parker, MTS Markets International

MTS BondsPro gives access to liquidity from over 100 dedicated providers, with access to over 20,000 corporate bonds with live prices daily, and pre-trade data.

This move is part of a growing focus by MMI on the emerging markets trading community. MTS BondsPro reports volume from emerging markets more than doubled from 2018 to 2019, consistent with a growing interest in electronic trading of emerging market fixed income securities by global investors.

David Parker, head of MTS Markets International, says, “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.”

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