SunGard has added fixed income market MTS BondVision to its connectivity platform to facilitate clients trading cross-asset class.
Interest in fixed income trading platforms has been on the increase as new regulations such as Basel III curtail the ability of banks to trade bonds.
As a result, a large number of electronic trading platforms for bonds have been launched, though the buy-side has been concerned about the potential impact on costs to connect to these new venues.
Europe-based MTS BondVision offers access to government securities across more than 30 countries, as well as multi-currency corporate and financial bonds.
Fabrizio Testa, CEO of MTS BondVision, said, “As one of Europe’s leading electronic fixed income trading markets with more than 500 unique counterparties and average daily volumes exceeding €100 billion, selecting the right technology providers is critical. MTS is excited to work with SunGard to help expand the choices of solutions we already offer to our clients worldwide.”
MTS will be made available on SunGard’s Valdi Market Access platform, a hosted connectivity solution that now accesses more than 110 trading venues worldwide. It includes most European financial markets across equities, fixed income, structured products and futures and options.
“Expanding our capabilities in the fixed income electronic trading space is strategic, as our customers increasingly look at combining previously siloed operations into multi-product distribution channels. Changes in the fixed income market structure are pushing electronic trading to become the standard,” said Philippe Carré, global head of connectivity at SunGard’s capital markets business.