The platform will initially offer European and US government, agency, mortgage, corporate and covered bond markets and is anticipated to go live during the fourth quarter of 2013.
Enabling clients to benefit from price transparency, the platform comes at a time when Europe is facing economic challenges and US investors are increasingly looking to access European fixed income markets.
The company’s wholly-owned US subsidiary, MTS Markets International, has also been approved as a FINRA-regulated broker-dealer. Mark Monahan has been appointed as chief executive of the subsidiary.
Prior to this, he worked as CEO of Ballista Securities that was acquired by the Intercontinental Exchange in 2011 and CEO of ICAP Electronic Brokerage in Asia Pacific.
Mark Monahan said that increasing regulation, as well as continued uncertainty in the sovereign and credit markets has increased the demand for more efficient, informed and connected execution venues.
"MTS is ideally positioned to answer this need by providing institutional investors with a transparent window into the European marketplace," Monahan added.
