Mostly… fixed income and cross product eTrading

October 3, 2007

MTS to be investor-order-driven

Filed under: etrading, Nuts and Bolts — holky @ 7:15 am

EFN says and FT says that MTS is abandoning its long established system of market-making in order to embrace an investor order-driven model .. with Carlos San Basilio, a member of the MTS Management Board, saying “There is a whole new concept behind EuroMTS. We are moving towards an order-driven environment and that is a big change for us. It is important to move into a more flexible environment with less obligations for participants.”

Will having significant order-driven markets in fixed income too be the catalyst for sellsides who have not yet done so to start centralising their order quoting into a single infrastructure?

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2 Comments »

  1. Shocked that no comments have come on this thread. It is one of three phases of what is a TSUNAMI coming at FI and fast. Surfs up?

    Comment by lacidar — October 6, 2007 @ 1:33 am

  2. […] Pietroluongo said it was too early to talk about moving away from the current market-making trading system to introduce a cheaper and more liquid order-driven platform similar to what happens in some stock markets.  “We are still exploring the possibility to introduce an order-driven system on EuroMTS … but several banks are currently expressing doubts about it,” Pietroluongo said.  (previous post here). […]

    Pingback by MTS Brazil … order driven update … algos on Euro MTS « Mostly… — December 21, 2007 @ 10:05 am


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