MTS BondVision fully integrates and enhances MTS B2SCAN price discovery tool
- MTS BondVision clients can now reference MTS B2SCAN data at point of trading
- MTS B2SCAN doubles number of participating dealers in last year to twenty five
- Product coverage expanded to include covered, SSA and government bonds
MTS, one of Europe’s premier fixed income trading venues, has significantly increased the number of participating dealers on its new price discovery tool, MTS B2SCAN, to twenty five. The tool is now also fully integrated with the MTS BondVision regulated multi dealer-to-client trading venue, enabling buy-side users to trade referencing axe data powered by MTS B2SCAN.
The pre-trade application, which identifies buyers and sellers of specific fixed income instruments, has also expanded coverage beyond the credit markets to support the covered, SSA and government bonds available to trade on MTS BondVision.
The integration of MTS B2SCAN compliments the MTS BondVision offering and is designed to tackle liquidity challenges in the fixed income markets by significantly increasing the probability of a successful trade. A recent Celent report stated “electronic capabilities can enhance liquidity matching in such a tough environment” and identified B2SCAN as providing “the market with new buy-side solutions to liquidity gaps.” The tool provides a powerful search engine of aggregated bank inventory, runs and axes, allowing buy-side participants to more efficiently locate liquidity.
By expanding its securities coverage, MTS B2SCAN now provides users with access to a comprehensive overview of real-time market liquidity on up to 20,000 axes daily. The technology is dual purpose, allowing buy-side members to find an appropriate counterparty, but also enabling dealers to market their inventory positions, whilst maintaining control of the information they share.
The initiative, introduced exclusively to MTS BondVision users in January 2015, combines the benefits of pre-trade inventory discovery with automated electronic execution and straight through processing via MTS BondVision.
Fabrizio Testa, CEO of MTS, comments: “We continue to invest in innovative technology as a means to address today’s market challenges and MTS B2SCAN is a case in point. The expanded network and coverage of the pre-trade tool, along with the ability to execute on MTS BondVision at the click of a button, significantly increases the probability of a successful trade and continues towards our goal of enabling investors to overcome the liquidity issues they currently face in today’s bond markets.”
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.
For more information, visit www.mtsmarkets.com.
About London Stock Exchange Group:
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.
The Group is a global leader in indexing and analytic solutions. FTSE and Russell Indexes offer thousands of indices that measure and benchmark markets around the world. The Group also provides customers with an extensive range of real time and reference data products, including SEDOL, UnaVista, Proquote and RNS.
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
Headquartered in London, with significant operations in North America, Italy, France and Sri Lanka, the Group employs approximately 4,700 people.
Further information on London Stock Exchange Group can be found at www.lseg.com
B2SCAN is a French company providing software applications and services to the financial industry.
Its eponymous web application delivers Banks, Insurance Companies, Asset Management Companies and Private Banks a set of high performance tools to facilitate business in the Fixed-Income securities market. B2SCAN is a web-based pre-trade information tool that provides information on buyers and sellers of credit instruments.
B2SCAN enables asset managers to search for the bonds they wish to trade and identify the appropriate counterparties in an efficient and effective manner.
B2SCAN currently serves about 25 banks and 25 major Asset Managers across Europe.
B2SCAN S.a.s. is not part of MTS group or of the London Stock Exchange Group.
For more information, visit www.b2scan.com