BayernLB joins MTS BondVision

Source: MTS

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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