BondVision sees 2005 Record Volumes; Dealer Profile Expands with West LB

Milan 25 January 2006

BondVision is pleased to announce record 2005 volumes amid the addition of new participants and the continued expansion of its product complement.

Volumes in 2005 rose 40% versus 2004 to nearly € 500 billion as turnover in the fourth quarter increased 20% from the third quarter. Fueling the gain, 2005 covered bond volumes climbed nearly 500% from 2004. In addition, volumes in 2006 continue to rise with daily average volumes up 50% from January 2005.

BondVision’s growth trend is expected to continue in 2006 amid a further influx of end users and liquidity providers. WestLB, one of the key counterparties for covered bonds in Europe, will be active in covered bonds through BondVision as of the beginning of February. WestLB’s BondVision product offerings will include also European government bonds and agencies.

Stefan Hachmeister, Managing Director at, WestLB said: "We are pleased to join BondVision and expand our existing client network by taking full advantage of the penetration achieved by the MTS platform in Europe. WestLB has long been a participant in both the primary and secondary markets for Government Bonds and Agencies. As a pioneer in Covered Bonds, we look forward to enhancing our role through our participation in BondVision."

BondVision currently offers clients the opportunity to trade in more than 1,000 securities through its association with Europe’s principal fixed-income dealers.

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