MTS expands Single Dealer Pages to help clients meet regulatory requirements
01 December 2011
MTS, Europe’s premier fixed income trading venue, has expanded its MTS BondVision Single Dealer Pages as requirements for transparency, best execution and reporting increase. The range of instruments available through Single Dealer Pages on BondVision now include Eurozone government bonds, Nordic regional government bonds, credit instruments, gilts, inflation linked, covered and SSA bonds.
Buy-side clients receive customised price discovery and can choose between the request for quote and click-to-trade to execute their business, which are also recorded in Audit Trail helping them meet regulatory requirements and company for Best Execution (MiFID) and Reporting.
MTS launched Single Dealer Pages a year ago to enable banks to provide their bond quotes directly to their clients through the BondVision electronic platform. It now has 10 dealers on the platform: Bank of America Merrill Lynch, Barclays Capital, Crédit Agricole CIB, Deutsche Bank, Goldman Sachs, JPMorgan, Morgan Stanley, Royal Bank of Canada, Royal Bank of Scotland and Société Générale CIB.
Jack Jeffery, Chief Executive of MTS, said: “The development of the Single Dealer Pages functionality was collaborative between MTS, our customers and their clients, and that has been reflected in the level of adoption. It has given our customers more choice and the ability to build on established relationships and to offer their clients a variety of execution methods and direct electronic quotes on fixed income instruments.”
Roger Barton, Compliance Consultant, MTS: “The fixed income markets are evolving and regulation is having a profound effect on the market. Transparency, best execution and reporting and audit-trail capabilities are all critical. The direction of travel is clearly for individual dealer prices increasingly to be marshalled though regulated and multilateral trading venues. This initiative is an example of MTS working with the market to set best practice ahead of pending regulation.”
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