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BondVision Sees Growth Surge in 2004
Milan, July 5, 2001 – BondVision, the B2C arm of the MTS Group, today announced record volumes for the second quarter of 2004, up 88% in comparison to the same period of 2003. This represents the best year-on-year growth experienced so far, following the 70% growth increase in the first quarter of 2004 compared to the first quarter of 2003. Daily volumes have peaked at €2.5 billion.
The significant increase in turnover has been a result of a combination of factors, namely, the expansion of the client base, the addition of new dealers and exclusive product offerings as well as the improved graphical user interface for both clients and salespeople. With the addition of three new dealers, Citigroup, OKO Bank and Banca Nazionale del Lavoro, BondVision further reinforces its position as the largest consortium of dealers, currently at 29. Meanwhile, over 600 portfolio managers now trade on the system.
BondVision expanded the list of available instruments during the first quarter of the year, exclusively offering such products as euro inflation-linked bonds from France, Italy and Greece and the bonds of Central/Eastern Europe denominated in Euro, USD and local currencies. Other asset classes were also expanded bringing a wider range of covered bonds (Pfandbriefe, Obligation Foncières and Cédulas Hipotecarias) as well as investment grade corporate bonds.
Other developments are envisaged to further improve the quality of trading on BondVision. During the third quarter, inventory based market pages will be introduced to allow the listing of products not tailor made for competitive request for quotes. Post-trading functionalities, allowing clients to route OTC business via BondVision, will also be introduced, providing the post-trading integration already available to both its clients and dealers.
Note to editors:
- BondVision
The Internet-based multi-Dealer to Client Market powered by MTS, the leading
fixed-income wholesale market in Europe, BondVision is the only regulated
Internet-based multi Dealer to Client Market with an ISD European passport.
Institutional Clients connect via the Internet and request for quotes from
a number of Dealers prior to trading the best incoming price. BondVision
Dealers are amongst those currently participating on the wholesale trading
platform of the MTS Markets. Listed securities include euro and US dollar
denominated Sovereigns, Agencies, Asset backed securities and corporate
bonds. Local currency sovereign issues from Central European countries
are also listed. Cash and Switch trading are supported.
For more information, please go to www.bondvision.net
- List of BondVision Dealers
ABN Amro
Banca Caboto
Banca IMI
Banca Nazionale del Lavoro
Banco Espirito Santo
Barclays Capital
BNP Paribas
Calyon
Capitalia
CDC Ixis CM
Citigroup Global Markets
Commerzbank
Credit Suisse First Boston
Danske Bank
Deutsche Bank
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Dresdner Kleinwort Wasserstein
Fortis Bank
Goldman Sachs
HSBC Group
ING Bank NV
JP Morgan Securities
Lehman Brothers
Merrill Lynch
Morgan Stanley
NyKredit Bank
OKO Bank
Societé Générale
UBM (UniCredito Banca Mobiliare)
UBS |
- Contacts
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