BondVision introduces Danish Government Bonds as Third Quarter Volumes Soar

Milan, October 14, 2003 – BondVision today announced that following the recent addition of Danske and Nykredit to its Dealer community, European investors will be able to trade Danish Government bonds (DGBs) electronically on the market as of November 4, 2003. BondVision dealers supporting the liquidity of DGBs include JP Morgan, ABN Amro, Morgan Stanley and Barclays, Primary Dealers officially nominated by the Danmarks Nationalbank

The listing of the first non-euro denominated bonds on the B2C arm of the MTS Group, the only regulated Dealer to Client market, coincides with the new record volumes recently achieved on the platform. BondVision saw September volumes up by 107%, with a daily turnover in excess of €2 billion (single-counted), in comparison to figures in the same period of last year.

"The continued rise in BondVision volumes signals growing support for the market and is a testament to the expansion of our client base and the support of our Market Makers," said Lorenzo Pelizzola, BondVision Market Director. "We expect both the client base and turnover will continue to grow as we expand our product coverage to non euro denominated instruments, roll out the FIX post-trading solution to institutional clients and prepare to launch the second generation of our trading application."

BondVision remains committed to serving the market by offering the most efficient, cost-effective Dealer-to-Client product in the industry. Adhering to the MTS Group’s model, BondVision’s focus will always rest on providing participants with the benefits of technology at the lowest possible costs. Clients continue to trade free of charge on the BondVision market.

Europe
Allan Malvar
Communications
Tel. +44 20 7786 6049

USA
Rebecca Smith
Communications
Tel. +1 212 514 5880

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