BondVision, the on-line dealer-to-client market, says its trading volumes are soaring. Activity hit a record level of €1.3 billion on Friday 22 March, and volumes for the whole month are already a fifth ahead of February. The rising volumes reflect a widening of the range of tradable fixed income securities and a growing client base. Since the launch of the platform on 23 August 23 last year, BondVision has extended its repertoire beyond euro-denominated government bonds to encompass agency, jumbo Pfandbriefe and corporate issues. Turnover is expected to further increase with the enhancement of trading functionalities on the system. Split and switch trading will go live in production in April and is expected to boost not only turnover but also interest from other institutional investors in participating on the platform; while automated settlement, based on the well-established links of the Telematico with the relevant depositories, will be introduced shortly to further reduce trading costs.
Marco Mazzucchelli, Chief Executive Officer of San Paolo IMI Asset Management, said: “As active participants of BondVision, we are pleased to witness its success. BondVision has brought greater transparency and efficiency in the B2C market. The wide range of dealers and the comprehensive product range, combined with the ease of using the system, have been and continue to be of considerable help in improving the quality of execution of our asset managers.”