Nordea Becomes 31st Dealer as Volumes Hit All Time High

Milan, 22 November, 2004 – BondVision, the B2C arm of the MTS Group, is pleased to announce that Nordea Bank, the leading financial services group in the Nordic and Baltic Sea region, has joined its consortium of dealer participants. Initially Nordea Bank will be active on government bonds issued by the following European countries: Austria, Belgium, Denmark, Finland, France, Germany, Italy, the Netherlands and Spain with the aim to expand to other products already listed on BondVision.

BondVision currently offers over 500 portfolio managers the opportunity to trade in more than 900 securities, including indexed linked bonds, through its association with Europe’s principal fixed-income dealers.

The inclusion of Nordea expands the reach of BondVision in the Nordic region, where Nordea is the largest dealer in terms of client market share. The addition of Nordea as the 31st dealer on BondVision follows the joining of Nomura International in October and reinforces BondVision’s position as the largest consortium of dealers in fixed-income securities.

Turnover on BondVision hit an all time ‘high’ in October as volumes, benefiting from an increased client base, as well as the increased pricing efficiency of the dealers, climbed above the € 2 billion daily average. With year-over-year growth rates of 85% in the third quarter and continued growth in November, BondVision is the fastest growing B2C market.

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