MTS goes for growth with Radianz

MTS goes for growth with Radianz

Italy's MTS is to use the Radianz IP-based extranet as part of a global push to deliver a new suite of online fixed income trading services to banks worldwide.

MTS - which currently operates the EuroMTS electronic bond market - will move to Reuters/Equant joint venture Radianz as part of its plans for launching a fully managed application for dealers that will enable banks to offer online trading and settlement services to their institutional clients worldwide - without having to go through complex system development. These initiatives include Bondvision, a multidealer-to-client, auction-based Internet trading service, and Single Dealer Market, which enables market makers to offer electronic trading and post-trading services directly to Internet-connected clients.

"MTS is growing rapidly in the wholesale capital markets arena - and now wants to go global," says Bob Giffords, chief technology officer for MTS. "After an extensive assessment of IP network providers, we selected Radianz because it is in the best position to provide the fast, secure services we need to grow our business in new markets around the world."

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