PRESS RELEASE

 

  

Banco Santander joins MTS's premier BondVision platform

 

 

24 February 2009

 

 

BondVision, MTS Group's leading multi-dealer-to-client electronic platform, is pleased to announce that Spanish banking giant Banco Santander, S.A. has joined the list of liquidity providers participating on the pan-European platform.

 

Banco Santander will support euro-denominated government bonds across the yield curve, providing BondVision clients with enhanced access to Europe's most liquid government bond markets. Banco Santander's involvement serves to extend BondVision's network to 28 dealers, the largest pool of liquidity providers in the multi-dealer-to-client European fixed income market.

 

Oscar Peces-Barba, Head of Flow Rates Trading at Banco Santander, said: "Our customers demand the highest quality execution service for euro-denominated government bonds both in terms of price discovery and efficiency. We look forward to our association with BondVision, and to further demonstrate our commitment to servicing our existing client base and to access new customers in this deep and liquid market."

 

Fabrizio Testa, Head of Product Management for BondVision, said: "We are pleased that Banco Santander has decided to participate as a liquidity provider on the market, adding to market depth and increasing our geographical footprint across Europe.  As a major player, Banco Santander will benefit from our extended client base, in turn providing an additional source of liquidity for our existing participants."

 

Banco Santander's inclusion marks the entry of the first Spanish bank to act as a Market Maker on the system.   Their introduction to the market accompanies an extended period of growth for their region as volumes from Iberian clients on BondVision have risen steadily over the past few years - increasing by 48% over 2007. 

 

This coincides with the launch of BondVision onto the new TradeImpact platform, a significant IT infrastructure project providing clients with an upgraded suite of functionality. 

 

BondVision remains a premier platform in the European B2C market, currently offering clients the opportunity to trade in more than 2,000 securities through its association with Europe's principal fixed income dealers.

 

 

-ends-

 

 

For further information please contact:

 

Alessia Barrera
Media Relations

Tel +39 02 7242 6230
Email: barrera_alessia@mtsgroup.org