MTS, the electronic fixed income trading market majority owned by the LSE, has signed up six major banks to support its new Single Dealer Pages functionality for the BondVision platform, designed to enhance liquidity and best execution.
Barclays Capital, Crédit Agricole, Deutsche Bank, JPMorgan, RBS and Société Générale are all supporting Single Dealer Pages from launch, with other banks able to join from early next year.
It will provide transparent price discovery on individual banks' bond quotes and access to privileged liquidity for clients of participants through BondVision. The functionality will give users access and execution on the best price available, being able to choose between a Request for Quote and a Click-to-Trade on nominative quotes.
Jack Jeffery, chief executive, MTS, says: "Listening to clients and developing innovative technology are two key principles of our business. The Single Dealer Pages functionality has been developed in response to feedback from banks and clients, allowing our customers more choice and the ability to build on established relationships".
Andrew Challis, head, global rates e-distribution, Barclays Capital, adds: "The coexistence of multi-dealer and single-dealer electronic trading platforms is a necessary and beneficial feature of the fixed income electronic trading markets as our clients' needs can differ substantially. Barclays Capital is very happy to support this extension to the Bondvision platform and provide our clients with greater choice and flexibility in accessing our Barx pricing in whichever form fits their distinct requirements."