Danske Bank has joined the European bond market MTS, owned by the London Stock Exchange, as a market maker on its BondVision market.
MTS BondVision is an online bond trading market for euro-denominated securities. The platform supports trading in multiple currencies including euros, pounds, dollars and central and eastern European currencies.
The addition of Danske Bank takes the total number of liquidity providers on BondVision to 29.
“We have seen a significant increase in demand in the Nordic region for the ability to trade European government bonds in an electronic market that improves on the efficiencies of voice trading and delivers the level of transparency required in the current regulatory environment,” said Jack Jeffrey, CEO at MTS.
MTS has an average daily turnover over €85 billion, with some 500 counterparties in total. The venue also plans to launch a new platform for euro-denominated non-government debt before the end of the year, called MTS Credit.