The significant increase in turnover has been a result of a combination of factors, namely, the expansion of the client base, the addition of new dealers and exclusive product offerings as well as the improved graphical user interface for both clients and salespeople. With the addition of three new dealers, Citigroup, OKO Bank and Banca Nazionale del Lavoro, BondVision further reinforces its position as the largest consortium of dealers, currently at 29. Meanwhile, over 600 portfolio managers now trade on the system.
BondVision expanded the list of available instruments during the first quarter of the year, exclusively offering such products as euro inflation-linked bonds from France, Italy and Greece and the bonds of Central/Eastern Europe denominated in Euro, USD and local currencies. Other asset classes were also expanded bringing a wider range of covered bonds (Pfandbriefe, Obligation Foncières and Cédulas Hipotecarias) as well as investment grade corporate bonds.
Other developments are envisaged to further improve the quality of trading on BondVision. During the third quarter, inventory based market pages will be introduced to allow the listing of products not tailor made for competitive request for quotes. Post-trading functionalities, allowing clients to route OTC business via BondVision, will also be introduced, providing the post-trading integration already available to both its clients and dealers.
