London Stock Exchange Group announces launch of MTS Depo platform

Maria Nikolova

MTS Depo is a new electronic multilateral exchange system for European unsecured money market trading denominated in EUR.

MTS, part of London Stock Exchange Group, has launched MTS Depo, a new electronic multilateral exchange system for European unsecured money market trading denominated in Euros. Trading has already commenced with an overnight transaction executed between two Italian banks.

The launch of the new trading platform is in response to growing demand from money market traders for access to more diverse forms of funding, while enabling participants such as corporate treasurers to achieve a return on capital. MTS Depo is available to all users of MTS Repo and can be accessed by dealers in Eurozone countries.

MTS Depo allows participants to negotiate short term borrowing and lending transparently and efficiently with highly flexible trade terms ranging from overnight to one year. It provides multiple trading protocols including a central limit order book and bilateral trading functionalities.

MTS is currently onboarding new customers and expects to have a wide range of credit institutions connected by the end of the third quarter of 2020.

MTS Depo customers trading a range of money market contracts benefit from straight-through processing using the TARGET2 messaging platform, facilitating real-time gross settlement. Additionally, moving unsecured money market trading onto MTS’s electronic platform enables market participants to reduce manual processing, generating efficiencies and lowering the barrier to market entry in what remains a voice driven, over the counter (OTC) market.

The new MTS Depo market is run on the same trading infrastructure which enables wholesale government bond trading on MTS.

Read this next

Digital Assets

SEC apparently approved Ether ETF as VanEck’s listed by DTCC

Amid increasing speculation about the possible approval of a spot Ether (ETH) exchange-traded fund (ETF) in the United States, global investment manager VanEck’s ETF has been listed by the Depository Trust and Clearing Corporation (DTCC) under the ticker symbol “ETHV.”

blockdag

Unlocking Investment Potential: Introducing MoonBag Presale, the Cryptocurrency Set to Surpass ApeCoin and Bitbot

Discover MoonBag Presale, the cryptocurrency set to surpass ApeCoin and Bitbot. Unlock your investment potential now!

Fintech

Playtech sees promising growth despite dispute with Caliplay

Gambling technology group Playtech plc (LSE: PTEC) reported solid financial results for the four months to April 30 as B2B growth and Snaitech’s record performance pushed it towards large gains in revenue.

Chainwire

Multipool Launches LBP on Fjord Foundry Raising $200k in 24 Hours

Multipool, a leading innovator in the blockchain and cryptocurrency industry, launched their Fjord Foundry LBP on May 21st, raising $200k in the first 24 hours.

Chainwire

$BEER, a New Solana-Based Memecoin completes Pre-Sale of 30,000 SOL this week

The Liquid Gold, $BEER, has become the most discussed topic on Solana over the past two weeks. $BEER has skyrocketed into Twitter trends across Europe & Asia, captivating beer lovers worldwide.

Digital Assets

Hong Kong regulator orders Worldcoin to cease operations over privacy concerns

Hong Kong’s privacy regulator has ordered Worldcoin Foundation to cease all operations of its cryptocurrency project in the city, citing risks to privacy and personal data.

Inside View

MT4 vs MT5: Which Should You Choose for Crypto Trading?

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are two sophisticated trading platforms developed by MetaQuotes Software. Although MT4 is the more widely adopted choice, traders must determine which platform is better suited for them and understand the reasons behind this choice. Here’s everything you need to know.

Digital Assets

Intentable.io Launches Intent-Centric Architecture and Marketplace

Discover how Intentable.io, formerly Kiroboflow, is revolutionizing blockchain interactions with its Intent-Centric Architecture and new marketplace for intent-based strategies.

Digital Assets

Crypto ETFs, retail trading spike as Bitcoin nears record highs

BlackRock’s spot bitcoin exchange-traded fund (ETF), which trades under the ticker IBIT on Nasdaq, saw a record amount of cash injection after a quiet few weeks of net outflows. The healthy metrics came as bitcoin briefly traded above the $71,000 level for the first time in a month.

<