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- MTS BondVision clients can now reference MTS B2SCAN data at point of trading
- MTS B2SCAN doubles number of participating dealers in last year to twenty five
- Product coverage expanded to include covered, SSA and government bonds
MTS, one of Europe’s premier fixed income trading venues, has significantly increased the number of participating dealers on its new price discovery tool, MTS B2SCAN, to twenty five. The tool is now also fully integrated with the MTS BondVision regulated multi dealer-to-client trading venue, enabling buy-side users to trade referencing axe data powered by B2SCAN.
The pre-trade application, which identifies buyers and sellers of specific fixed income instruments, has also expanded coverage beyond the credit markets to support the covered, SSA and government bonds available to trade on MTS BondVision.
The integration of B2SCAN compliments the MTS BondVision offering and is designed to tackle liquidity challenges in the fixed income markets by significantly increasing the probability of a successful trade. A recent Celent report stated “electronic capabilities can enhance liquidity matching in such a tough environment” and identified B2SCAN as providing “the market with new buy-side solutions to liquidity gaps.” The tool provides a powerful search engine of aggregated bank inventory, runs and axes, allowing buy-side participants to more efficiently locate liquidity.
By expanding its securities coverage, MTS B2SCAN now provides users with access to a comprehensive overview of real-time market liquidity on up to 20,000 axes daily. The technology is dual purpose, allowing buy-side members to find an appropriate counterparty, but also enabling dealers to market their inventory positions, whilst maintaining control of the information they share.
The initiative, introduced exclusively to MTS BondVision users in January 2015, combines the benefits of pre-trade inventory discovery with automated electronic execution and straight through processing via MTS BondVision.
Fabrizio Testa, CEO of MTS said: “We continue to invest in innovative technology as a means to address today’s market challenges and B2SCAN is a case in point. The expanded network and coverage of the pre-trade tool, along with the ability to execute on MTS BondVision at the click of a button, significantly increases the probability of a successful trade and continues towards our goal of enabling investors to overcome the liquidity issues they currently face in today’s bond markets.”
