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BondVision Introduces Danish Government Bonds As Third Quarter Volumes Soar

Date 14/10/2003

BondVision today announced that following the recent addition of Danske and Nykredit to its Dealer community, European investors will be able to trade Danish Government bonds (DGBs) electronically on the market as of November 4, 2003. BondVision dealers supporting the liquidity of DGBs include JP Morgan, ABN Amro, Morgan Stanley and Barclays, Primary Dealers officially nominated by the Danmarks Nationalbank.

The listing of the first non-euro denominated bonds on the B2C arm of the MTS Group, the only regulated Dealer to Client market, coincides with the new record volumes recently achieved on the platform. BondVision saw September volumes up by 107%, with a daily turnover in excess of €2 billion (single-counted), in comparison to figures in the same period of last year.

"The continued rise in BondVision volumes signals growing support for the market and is a testament to the expansion of our client base and the support of our Market Makers," said Lorenzo Pelizzola, BondVision Market Director. "We expect both the client base and turnover will continue to grow as we expand our product coverage to non euro denominated instruments, roll out the FIX post-trading solution to institutional clients and prepare to launch the second generation of our trading application."

BondVision remains committed to serving the market by offering the most efficient, cost-effective Dealer-to-Client product in the industry. Adhering to the MTS Group's model, BondVision's focus will always rest on providing participants with the benefits of technology at the lowest possible costs. Clients continue to trade free of charge on the BondVision market.

BondVision
The Internet-based multi-Dealer to Client Market powered by MTS, the leading fixed-income wholesale market in Europe and Japan. BondVision is the only regulated Internet-based multi Dealer to Client Market with an ISD European passport. Institutional Clients connect via the Internet and request for quotes from a number of Dealers prior to trading the best incoming price. BondVision Dealers are amongst those currently participating on the wholesale trading platform of the MTS Markets. Listed securities include euro Government bonds, Agencies, Asset backed securities and corporate bonds. Cash and Switch trading are supported.

For more information, please go to www.bondvision.com