Euronext today announced that MTS, a European electronic fixed income trading platform, has successfully launched Portfolio Trading on BondVision for both rates and credit products.

Developed as part of the BondVision Partnership, the Portfolio Trading functionality has been designed in close collaboration with BondVision dealers and buyside clients, ensuring the solution reflects the evolving needs of the fixed income market.

Portfolio Trading allows BondVision buyside clients to contingently and simultaneously execute a list of bonds. This functionality enhances execution efficiency, supports more effective risk management and offers an additional trading workflow for market participants.

BondVision Portfolio Trading has already supported Rates Portfolio Trades for EGBs, UK Gilts, UK Linkers, as well as SSAs between BlackRock and Nomura. CA Gest, Crédito Agrícola and Citi have also executed the first Credit Portfolio Trade on BondVision. The range of asset classes and the speed of adoption demonstrate the versatility of BondVision Portfolio Trading and momentum behind the BondVision Partnership.

Buyside clients benefit from zero mark-ups for BondVision Portfolio Trading, allowing buyside clients to achieve better execution versus incumbent platforms which adjust dealer pricing. In addition, buyside users have access to extensive analytics, including tools to support counterparty selection and indicative pricing at both individual bond level and portfolio level, based on the BondVision Composite and external market sources.

BondVision dealers benefit from BondVision’s sustainably competitive fee schedule, as well as the opportunity to contribute directly to the product development roadmap through the BondVision Partnership framework.

BondVision Portfolio Trading was immediately deployed through both the MTS Application Programming Interface (API) and MTS Graphical User Interface (GUI), providing full flexibility for both BondVision dealers and buyside clients in how they access and interact with the service.

Angelo Proni, CEO of MTS – Euronext Group, said:

“With the launch of Portfolio Trading on BondVision, we are providing clients with a practical tool to execute baskets of bonds, improving efficiency and supporting more effective risk management across rates and credit. This development also reflects the continued progress and momentum we are seeing in credit, as well as our consistent delivery of key functionalities. Built in close collaboration with dealers and buyside participants, the solution is already supporting activity across multiple asset classes and is designed to deliver material cost savings for both dealers and investors.”