Charles River® IMS Integrates with MTS BondsPro ATS, Enabling All-to-All Access Across Global Fixed Income Markets
November 10 2021 - 9:30AM
Business Wire
Charles River Development, a State Street Company, today
announced it has completed the integration of MTS BondsPro, an
SEC-registered Alternative Trading System (ATS), with the Charles
River Order and Execution Management System (OEMS) and Inventory
Hub. The Inventory Hub processes and aggregates inventory across a
number of the largest dealers and liquidity venues. It offers users
a centralized point to receive and interact with live data across a
full range of products and asset classes.
MTS BondsPro offers streaming and fully executable liquidity on
corporate bonds across the full credit spectrum, including emerging
markets. With a global network of over 500 buy- and sell-side
firms, the BondsPro all-to-all order book offers 180k+ prices at
any given time across over 20,000 securities. Users are able to
both trade on others’ markets and provide their own – all within
the Charles River ecosystem.
“Offering our customers the ability to interact with our markets
in the most natural way, as defined by each client, has never been
more important,” said Sean Dzugan, Head of Sales at MTS.
“Delivering our data, executable markets, and the ability to make
prices within Charles River’s OEMS and Inventory Hub allows us to
help our mutual clients realize the full potential of our liquidity
in an environment they’re already working in. This represents a win
for all parties and a step forward for the market structure of
fixed income electronic trading.”
“Our buyside customers increasingly want the flexibility to act
as price makers in fixed income markets and streamline workflows
across the liquidity providers they interact with,” said Michael
Beattie, Director of Product Strategy, Charles River Development.
“Our partnership with MTS offers traders an all-to-all trading
model with an efficient click-to-trade engagement that helps
improve access to liquidity for the markets, geographies and asset
classes they trade in.”
(Statistics as of Q4 2021)
About MTS
MTS is one of Europe’s leading facilitators of electronic fixed
income markets, connecting a network of over 500 unique
counterparties across Europe and the US, with average daily volumes
exceeding €130 billion in 2020. MTS is part of the Euronext Group.
For more information, visit www.mtsmarkets.com
About MTS BondsPro
MTS BondsPro is an electronic trading platform that offers
access to liquidity and real-time execution on its anonymous,
all-to-all order book. It supports USD and a wide range of non-USD
denominated corporate bonds and emerging market debt. MTS BondsPro
is part of MTS Markets International, Inc. (MMI), a
FINRA-registered broker-dealer. MMI is a member of FINRA and
SIPC.
About Charles River, A State Street Company
Investment firms, asset owners, wealth managers, hedge funds and
insurers in more than 30 countries rely on Charles River’s front
and middle office investment management platform to manage more
than US$35 Trillion in assets. Together with State Street’s middle
and back office capabilities, Charles River’s cloud-deployed
software technology forms the foundation of State Street AlphaSM.
The Charles River Investment Management Solution (Charles River
IMS) is designed to automate and simplify the institutional
investment process across asset classes, from portfolio management
and risk analytics through trading and post-trade settlement, with
integrated compliance and managed data throughout. Charles River’s
growing partner ecosystem enables clients to seamlessly access
external data and analytics, applications and liquidity venues that
support the demands of their product and asset class mix.
Headquartered in Burlington, Massachusetts, we serve clients
globally with more than 1,000 employees in 11 regional offices. To
learn more visit www.crd.com.
(Statistics as of Q3 2021)
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors
including investment servicing, investment management and
investment research and trading. With $43.3 trillion in assets
under custody and/or administration and $3.9 trillion* in assets
under management as of September 30, 2021, State Street operates
globally in more than 100 geographic markets and employs
approximately 39,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
*Assets under management as of September 30, 2021 includes
approximately $60 billion of assets with respect to SPDR® products
for which State Street Global Advisors Funds Distributors, LLC
(SSGA FD) acts solely as the marketing agent. SSGA FD and State
Street Global Advisors are affiliated. ©2021 State Street
Corporation – All Rights Reserved State Street Corporation, One
Lincoln St, Boston MA 02111
Charles River Development - A State Street Company is a wholly
owned business of State Street Corporation (incorporated in
Massachusetts).
©2021 STATE STREET CORPORATION 3898717.1.1.GBL.
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version on businesswire.com: https://www.businesswire.com/news/home/20211110005868/en/
Media Contact Mary Masi-Phelps marymasiphelps@crd.com
781-425-6155
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