MTS shuts euro swap venue
Would-be challenger to Tradeweb and Bloomberg is said to have closed less than ten months after launch
The euro interest rate swap trading venue launched by MTS and fintech firm WeMatch in February has already shut down, Risk.net understands.
The MTS Swaps multilateral trading facility (MTF) went live in February. The Euronext-owned venue started as an interdealer market and planned to expand into the dealer-to-client sector within a year.
The swap trading platform used WeMatch’s automation technology on the interdealer side and ultimately aimed to challenge Tradeweb and Bloomberg in the dealer-to
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