MTS and WeMatch combine to launch euro swap MTF
New venue to start as interdealer but will soon take on Tradeweb in the dealer-to-client market
European government bond venue MTS has entered the interest rate swaps space, teaming up with fintech firm WeMatch to launch a venue that will start with the interdealer market before expanding to the dealer-to-client sector within the next year.
The Euronext-owned venue switched on the MTS Swaps multilateral trading facility (MTF) this morning (February 27). It goes live with around 10 dealers, offering euro interest rate swaps trading using WeMatch’s technology.
Once that has bedded in, MTS
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