Euronext’s MTS announced the launch of a growth initiative in partnership with BondVision dealers. The initiative is designed to further develop the multi dealer-to-client (D2C) trading platform for rates, credit and repo, and promote competition across the market.
It will introduce sustainably competitive, straightforward fees for all BondVision dealers and is expected to incentivize improved service levels to clients from supporting dealers. The top ten BondVision dealers (Barclays, Bank of America, BNP Paribas, Crédit Agricole Corporate and Investment Bank, Citi, Deutsche Bank, J.P. Morgan, Morgan Stanley, Nomura, UniCredit) are supporting the initiative’s underlying principles.
Stéphane Boujnah, CEO and chair of the Managing Board of Euronext, said in a statement: “MTS is a critical component of Euronext’s growth ambitions for the coming years. The initiative announced today with Euronext’s longstanding partners demonstrates our commitment to adapt our solutions to meet the evolving needs and priorities in the fixed income world.”
Angelo Proni, CEO of MTS at Euronext Group, said in a statement: “This initiative provides an opportunity to deepen our relationship with BondVision dealers, by enhancing their role in shaping the platform’s key policies. With their support, we aim to extend our D2C rates offering and build a credible presence in credit trading.”
Alexis Serero, head of Flow European Credit Trading at Citi, said in a statement: “The industry needs a credible electronic alternative that improves pricing efficiency in the market, brings new creative ideas to support the needs of both clients and dealers, and helps drive cost efficiency.”
Pierre Morel, global co-head of Investment Grade Trading at J.P. Morgan, said in a statement: “By addressing key concerns like cost pressures and enhancing data use provisions, BondVision improves efficiency and delivers significant advantages to all market participants.”