MTS has entered into a agreement to acquire Bonds.com Group, a US-based platform for the electronic trading of US corporate and emerging market bonds. The all-cash acquisition will see MTS Markets International acquire 100 per cent of Bonds’ outstanding shares.

The transaction meets the growing customer and regulatory demand for access to transparent, electronic, cost-effective platforms for the trading of fixed income securities.

Jack Jeffery, CEO of MTS Group said: “This transaction enhances MTS’ position as a global provider of fixed income trading platforms and is a natural extension for both MTS and London Stock Exchange Group. The expanded product offering will enable us to meet the on-going industry and regulatory drive for greater transparency and efficiency in fixed income markets, through a competitive and cost-effective platform.”

Mark Monahan, chief executive of MTS Markets International Inc added: “Bonds.com Group has steadily developed its client base in the U.S. covering both buy and sell-side institutions. As a result of this transaction, MTS will be able to offer Bonds.com Group its extensive expertise in the fixed income space, investing to expand the product offering for U.S. fixed income traders to meet their domestic and international needs.”