Six major banks support MTS Single Dealer Pages, offering enhanced liquidity & best execution

MTS, Europe’s premier facilitator for the electronic fixed income market, today announced the launch of its new Single Dealer Pages functionality for its BondVision platform. The functionality will:

  • Provide transparent price discovery on individual banks’ bond quotes
  • Provide access to privileged liquidity for clients of participating banks through BondVision
  • Be supported by six banks from launch, including Barclays Capital, Crédit Agricole, Deutsche Bank, JPMorgan, RBS and Société Générale
  • Be open for further banks to join from early 2011

The new Single Dealer Pages functionality will always give users access and execution on the best price available, being able to choose between a Request for Quote (RFQ) and a Click-to-Trade on nominative quotes. This will further add to market transparency. Together these features provide clients with a solution for best execution while also helping them meet market regulations.

Jack Jeffery, Chief Executive of MTS, said:

“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”.

Maurilio Pace, Managing Director and co-head of EMEA Rates Sales at J.P. Morgan said:

“In the constantly evolving fixed income market, being able to offer clients a variety of execution methods is very important to us and the Single Dealer Pages allow us to provide clients with direct quotes on different instruments. This added transparency helps us increase client opportunities and improve their workflow."

Gabrielle Couzy, Credit Agricole CIB, Head of Flow Rate and Credit eBusiness, said:

“CA CIB is committed to supporting BondVision’s Dealer Pages which will enhance pre trade transparency and allow for better customisation of our electronic trading offer. The improved efficiency which this initiative brings to existing price discovery mechanisms is a key requirement from our clients and a central theme in today’s evolving regulatory environment”.

Ron Karpovich, Global Head of FICC Product Management and Managing Director of Electronic Markets at RBS said:

"RBS is pleased to support this initiative from MTS/Bondvision allowing us to provide our premium clients with a more tailored service. RBS is committed to providing its clients with the highest levels of service in all aspects of business, and in particular sees the value in leveraging electronic channels to build its franchise."

Stephane Malrait MD, Global head of eCommerce, from Societe Generale, said:

“As the fixed income market is seeing rapid changes, BondVision is moving in the right direction and developments such as the Single Dealer Pages are a proof of this. We are fully committed in providing our customers with innovative and efficient tools to support their trading and we are pleased of being part of this initiative”.

Andrew Challis, Head of Global Rates E-Distribution at Barclays Capital, said:

"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."

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For further information please contact:

Media Relations:

Jonny BLOSTONE Luca GRASSIS

Press Office +44 (0) 20 7797 1222 Media Relations +39 02 72426 212

Simona COTTA RAMUSINO

+44 (0) 20 7797 4447

press@mtsmarkets.com

Notes to Editors:

About MTS

MTS is Europe’s premier facilitator for the electronic fixed income trading market, with over 500 unique counterparties and average daily turnover exceeding EUR 85 billion. MTS customers benefit from its relationship with Europe’s leading diversified exchange business, the London Stock Exchange Group, which operates the largest and most liquid equity marketplace in Europe.

MTS further facilitates the dealer-to-client bond market through BondVision, the most trusted and efficient electronic bond trading market, delivering exceptional access for institutional investors direct to the market makers.

MTS Data is sourced directly and exclusively from the MTS interdealer market and includes benchmark real-time data, reference data, reference prices, time series data and snap- shot data, providing the benchmark data source on the fixed income market.

MTS Indices provide the first independent, transparent, real-time and tradable Eurozone fixed income indices, based on tradable prices from MTS. MTS indices are tracked by (and can be traded via) more than 28 ETFs in addition to numerous structured products.

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) sits at the heart of the world’s financial community. 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, offering pan-European and US lit and dark equity trading. Through its markets, the Group offers international business unrivalled access to Europe’s capital markets.

The Group is a leading developer of high performance trading platforms and capital markets software and also offers its customers around the world an extensive range of real-time and reference data products and market-leading post-trade services.

Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1500 people. Further information on London Stock Exchange Group can be found at www.londonstockexchangegroup.com.