Discover MTS BondVision. Multi-dealer-to-client trading

Transcription

1 Discover MTS BondVision Multi-dealer-to-client trading

2 MTS BondVision connects users directly to one of the largest networks of liquidity providers available on one online trading platform.

3 Why choose MTS BondVision? Overview Established in 2001, MTS BondVision is a trusted and efficient multi-dealer-to-client electronic trading platform, giving institutional investors direct access to the heart of the market s liquidity. Our platform is tailored directly to the needs of fixed income investors and supports trading in multiple currencies, including EUR, GBP, USD and CEE local currencies and Nordics (DKK, NOK, SEK). BondVision connects users directly to one of the largest networks of liquidity providers available on one online trading platform ensuring access to the best rates available. Benefits include: 1 Pre-trade price discovery 2 Fast and efficient trading 3 Extensive coverage of securities 4 In depth post-trade reporting and MIS 5 Choice of trading models (RFQ, CTT) 6 Regulated and secure trading venue BondVision uses the same technology as the MTS Cash platform, the interdealer marketplace for European government bonds, with the same market makers providing liquidity on both. 01 MTS BondVision / Multi-dealer-to-client trading

4 Growth at a glance Monthly volume evolution D2C volumes Growth since Hit rate growth Graph key Hit rate Graph key Graph key Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Increase in Number of Clients Client growth Oct - 10 Apr - 11 Oct - 11 Apr - 12 Oct - 12 Apr - 13 Oct MTS BondVision / Multi-dealer-to-client trading

5 MTS BondVision is a trusted and efficient multi-dealer-to-client electronic trading market, giving institutional investors direct access to the heart of the market s liquidity.

6 MTS BondVision MTS the premier trading platform of choice BondVision connects you directly to the heart of the market s liquidity, with one of the largest networks of liquidity providers available on an online trading platform for euro-denominated securities, ensuring access to the best rates available. Borrowers (Government and Corporate) MTS ACM MTS Swaps MTS Cash MTS BondVision MTS Repo MTS BondVision 04 MTS BondVision / Multi-dealer-to-client trading

7 Tradable Securities Government Bonds Covered and SSAs Bonds Corporate Bonds ETFs All Euro-denominated government issues Central, Eastern Europe (EUR, USD) Czech Republic (CZK) Denmark (DKK) Hungary (HUF) Norway (NOK) Poland (PLN) Sweden (SEK) UK Gilts (GBP) US Treasuries (USD) Inflation linked bonds Covered Bonds Cedulas Obligations Foncieres Pfandbriefe Other (e.g. Danish, Dutch, Finnish, Irish, Italian UK, US covered bonds) SSAs EFSF EIB KFW EU Quasi-government Financials Bank Financial Services Insurance Non-Financials Automotive Basic materials Consumer good services Industrial Telecom Transport Utilities Bond Commodities Equity Macro Money market Global dealers Including: ABN AMRO Credit Suisse ING Nordea RBS 05 MTS BondVision / Multi-dealer-to-client trading

8 Choice of execution RFQ (Request for quote) Send outrights, switches, butterflies and lists, putting up to 5 dealers in competition, 6 for non-government bonds Dealer pages Trade on both indicative and executable streamed prices direct from the aggregated dealer page window All-to-all order book Post and execute firm orders directly in an all-to-all order driven market for non-government bonds Pre-trade BondVision delivers comprehensive pre-trade price transparency and full integration with existing OMS systems. Benefit from: Indicative prices on BondVision Best Page Executable prices on Dealer Pages Data from MTS interdealer markets, firm prices with market depth and volumes DDE link to see real-time data in Excel Customisable Screens Post-trade and reporting BondVision offers an extensive range of tailor-made post-trade reporting and MIS functionalities, ensuring you are able meet and exceed best practice and the necessary compliance regulations. Benefit from access to: Full trade history (executed and non-executed trades) All trade data and Audit Trail (2 years online and 10 years stored offline) Full history of current and post-trade activity for all users Information required for MiFID reporting, including: Full trade analysis of users Full trade analysis at security level Best execution analysis at broker and security level All trade information is exportable to Excel, OMS and other systems, and every price update is stored, allowing you to prove best execution for MiFID Article 21 and mark-to-market. 06 MTS BondVision / Multi-dealer-to-client trading

9 We offer a variety of execution methods to meet the requirements of your specific trading strategy. Technology and Connectivity MTS BondVision runs on the same robust infrastructure that supports our interdealer market, ensuring users have the fastest and most efficient trading experience possible. Average round-trip time of transactions is currently less than 1ms, with extremely low variance, offering traders best in class performance. The level of throughput that BondVision can sustain is continuously improving and is first class in the fixed income arena. Streamlined and light, the platform is delivered via web or VPN, while API and FIX protocols support integration with PMS/OMS, reducing trade failure and allowing traders to focus on execution. Regulated Execution on MTS BondVision is available via three regulated trading platforms: BondVision - regulated market operated under the supervision of the Italian Ministry of Finance, Bank of Italy and Consob BondVision UK - MTF operated under the supervision of the FCA BondVision US - ATS operated in accordance with Regulation ATS under the supervision of FINRA and SEC Post-trade processing, reporting, portfolio and risk management tools enable compliance with global regulatory authorities (ECB, FCA, CONSOB, etc.) and reporting (MiFID). Dealer Pages functionality gives access to and execution on the best price available, adding to market transparency and delivering pre-trade information. Post-trade analytical services enable you to measure the benefits generated from electronic trading for compliance purposes. 07 MTS BondVision / Multi-dealer-to-client trading

10 About MTS Group MTS Group facilitates a number of regulated electronic fixed income markets across Europe and the US that are managed centrally to ensure optimum levels of global harmonisation and consistency. Over 500 unique counterparties trade an average volume of 100 billion each day on these platforms. The individual companies within the MTS Group are regulated by financial services regulators in a number of European jurisdictions, including Financial Conduct Authority (FCA), Italian Ministry of Finance, Banca d Italia, Consob, Autorité des Marchés Financiers (AMF), and in the United States by FINRA and SEC. MTS Cash is a comprehensive and professional cash securities trading environment for the interdealer marketplace. MTS cash includes several domestic markets regulated in different jurisdictions enabling primary dealers to access unparalleled liquidity, transparency and coverage. MTS Repo provides an order-driven market for the electronic transaction of repo agreements and buy/sellbacks in Italy. Agency Cash Management (ACM) is a UK-regulated electronic auction platform that uses the MTS Repo technology to enable cash-rich investors to enter into secured money market investments via the tri-party repo mechanism. MTS BondVision is a trusted and efficient multi-dealer-to-client electronic bond trading platform, delivering exceptional access for institutional investors direct to market makers. MTS BondVision is accessible in Europe from the Italian and the UK legal entities and in the US through the US legal entity of MTS Group. On the BondVision platform, MTS Group provides institutional investors with real-time pricing and the ability to trade with the major dealers. MTS Credit provides a variety of electronic execution methods for a wide range of multi-currency non-government bonds, including covered, SSA, corporate and financial bonds. MTS Credit is composed of financial instruments available to trade on both BondVision and MTS Prime. MTS Swaps leverages existing MTS Group distribution technology to deliver immediate access to a diverse range of liquidity providers through your chosen prime banks. MTS Data is sourced directly and exclusively from the MTS interdealer market and includes benchmark real-time data, reference data, reference prices and historical data, providing the benchmark data source on the fixed income market. FTSE MTS Indices are operated by FTSE TMX Global Debt Capital Markets, in which MTS has a minority stake. They provide independent, transparent, real-time and tradable Eurozone fixed income indices, based on tradable prices from MTS. FTSE MTS indices are tracked by (and can be traded via) around 40 ETFs in addition to numerous structured products. MTS Cash the leading interdealer 01 market 04 corporate MTS Credit electronic market for covered, and SSA bonds 07 direct MTS Data real-time tradable prices from the source MTS Repo order driven electronic repo trading MTS BondVision multi-dealer-to-client bond trading for Europe and the Americas 05 interest 06 in MTS Swaps Fully regulated electronic rate swaps MTS ACM Electronic tri-party repo, partnership 08 European FTSE MTS Indices the benchmark for fixed income 08 MTS BondVision / Multi-dealer-to-client trading

11 Find out how we can enhance your fixed income trading business by requesting a free trial or speaking to our global sales team. Contact: General enquiries Telephone +44 (0) bondvision@mtsmarkets.com Website

12 Contacts Telephone: +44 (0) Disclaimer: Information in this publication may or may not have been provided by MTS S.p.A. and/or its group undertakings, and/or the individual authors (each a party and together the parties ), but is made available without responsibility on the part of the parties. No action should be taken or omitted to be taken in reliance upon information in this publication and the information is not offered as and does not constitute professional, financial or investment advice on any particular matter and must not be used as a basis for making investment decisions. None of the parties accept any liability for the results of any action taken or omitted on the basis of the information in this publication. It is in no way intended, directly or indirectly, to invite or induce you to engage in any investment activity or as an attempt to market or sell any type of financial instrument. Advice from a suitably qualified professional should always be sought in relation to any particular matter or circumstance. None of the parties make any representations or warranties of any kind in relation to this publication and no responsibility is accepted by or on behalf of the parties for any errors, omissions, or inaccurate information. Third party advertisements are clearly labelled as such and none of the parties endorse or are responsible for the content of any third party advertisement in this publication or otherwise. MTS, EuroMTS and their logo are registered trade marks of MTS S.p.A.. Other logos, organisations and company names referred to may be the trade marks of their respective owners. No part of these trademarks, or any other trademark owned by MTS S.p.A. or its group undertakings can be used, reproduced or transmitted in any form without express written consent by the owner of the trademark. October 2013, MTS S.p.A., via Tomacelli 146, Rome