BayernLB joins MTS BondVision as dealer
- First Landesbank to join as dealer; strengthening MTS’ European offering
- Brings the total number of liquidity providers on MTS BondVision to 32
MTS, one of Europe’s premier fixed income trading venues, today announced that BayernLB, a leading German bank, has joined its dealer-to-client platforms, MTS BondVision, as a liquidity provider.
MTS BondVision is a multi-dealer-to-client electronic bond trading platform, providing European and US investors with access to one of the largest networks of counterparties, via a single connection. As the first Landesbank to join MTS BondVision as a liquidity provider, BayernLB strengthens MTS’ offering, while expanding its own reach across Europe. The connection to BondVision also helps the bank move towards further electronification of its capital markets business.
Upcoming regulation means that market participants are increasingly focused on ensuring compliance by trading with fully regulated electronic trading venues and adhering to rules designed to improve trading transparency, such as post-trade reporting.
MTS BondVision supports trading in multiple currencies, including EUR, GBP, USD and local CEE currencies. It also offers access to innovative trading functionality such as MTS B2SCAN, a pre-trade price discovery tool that matches the buyers and sellers of fixed income instruments by aggregating bank inventory, runs and axes.
Fabrizio Testa, CEO MTS, said:
"The addition of BayernLB further enhances liquidity on MTS BondVision and will be a great asset to the platform as MTS expands its presence in Europe. Coupled with the recent expansion of the platform into the US, MTS now offers European and US participants’ global access to fixed income markets with the broadest range of counterparties for liquidity providers."
Nicholas Atkinson, Head of Fixed Income Trading at BayernLB said:
"We are delighted to become part of Europe’s extensive dealer-to-client trading community on MTS BondVision as we continue to focus on servicing our existing client base and extending our reach. The platform provides us with direct access to trade credit instruments in Europe as well as covered and SSA bonds, enabling us to maximise trading opportunities. Trading through MTS BondVision will also ensure we are compliant with regulation, particularly MiFID and the upcoming MiFID II requirements."
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Notes to editors:
MTS Group facilitates a number of regulated electronic fixed income markets across Europe and the US with over 500 unique counterparties and average daily volumes exceeding €100 billion.
MTS BondVision is a trusted and efficient multi-dealer-to-client electronic bond trading platform, delivering exceptional access for institutional investors direct to market makers. MTS BondVision is accessible in Europe either from the Bank of Italy/Consob supervised regulated market/MTF or the FCA authorised MTF,and in the US through the SEC/FINRA authorised ATS. On the BondVision platform, MTS Group provides institutional investors with real-time pricing and the ability to trade with the major dealers.
MTS is majority owned by London Stock Exchange Group.
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London Stock Exchange Group (LSE.L) is a diversified international market infrastructure and capital markets business sitting at the heart of the world's financial community. The Group can trace its history back to 1698.
The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, a pan-European equities MTF. It is also home to one of the world’s leading growth markets for SMEs, AIM. Through its platforms, the Group offers international business and investors unrivalled access to Europe's capital markets.
Post trade and risk management services are a significant part of the Group’s business operations. In addition to majority ownership of multi-asset global CCP operator, LCH.Clearnet Group, LSEG operates CC&G, the Italian clearing house; Monte Titoli, the T2S-ready European settlement business; and globeSettle, the Group’s newly established CSD based in Luxembourg.
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Following the acquisition of Russell Investments, LSEG conducted a comprehensive review of the investment management business to analyse its strategic fit with the Group. This was concluded in February 2015, and LSEG is now exploring a sale of the business in its entirety.
London Stock Exchange Group is a leading developer of high performance trading platforms and capital markets software for customers around the world. In addition to the Group’s own markets, over 35 other organisations and exchanges use the Group’s MillenniumIT trading, surveillance and post trade technology.
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