MTS, a European fixed-income trading venue, has launched its MTS Live utility in the fixed-income space, which will aim to secure the development and growth of automated trading strategies in Europe, according to an MTS statement.
The new offering is designed to utilize ultra low-latency market data capabilities and will target fixed-income trading in Europe. Moreover, the platform will enable users to fortify their risk and latency management needs on MTS Cash, the group’s regulated platform.
MTS Live is now available in over twelve sovereign markets, which will be sourced from the MTS Cash electronic platform for European government bonds. The launch is important as it extends a number of useful utilities to fixed income traders in Europe, whereby providing key data and transparency for the most liquid bonds traded on MTS Cash.
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Subsequently, all data will be delivered via the FIX-FAST protocol to mitigate latency issues – MTS Live will also be utilized in conjunction with co-location in the same data center, given the MTS matching engine provides recurrent price movement insight. As a result, MTS has on-boarded no less than twelve sell-side institutions, who are expected to join in the Q1 2016.
According to Simon Linwood, Head of Credit Markets and Data at MTS in a recent statement on the launch, “Ultra low-latency market data is now firmly established as a critical component of today’s fixed income market, enabling MTS Cash participants to feed trading strategies and meet best practice requirements.”
“This is particularly important for MTS Cash participants deploying algorithmic trading systems, as the provision of high quality, consistent low-latency data is critical to feed their trading strategy of choice,” he added.