Source: MTS Group
BondVision, the multi-dealer-to-client arm of the MTS Group, is pleased to announce an agreement with GlobeOp Financial Services (GFSSM or GlobeOp) - a provider of fund administration and related support services for hedge funds, fund of funds specialists and high net worth family wealth offices - to create a direct connectivity via GoMarkets, GlobeOp's electronic trading connectivity platform.
The agreement represents a major breakthrough in the hedge fund industry as GlobeOp's clients will now be able to access BondVision's premier multi-dealer electronic solution for fixed-income trading - where previously they might have been limited to trading via the telephone or required to access multiple electronic platforms from various dealers - as well as benefit from increased efficiencies through straight-through-processing (STP).
Through connectivity via GoMarkets, BondVision's participating market makers can expand their service to GlobeOp's hedge fund clients and a large and diversified buyside community, accounting for a significant share of the daily turnover of fixed-income securities.
Hans Hufschmid, chairman and chief executive officer of GlobeOp, said, "Adding BondVision's European fixed income securities trading to our GoMarkets platform further enhances the remarkable power of the connectivity we are rapidly building for our clients. With BondVision, we see GlobeOp continuing to build its leadership position as an innovative solutions provider to the hedge fund community."
Gianluca Garbi, chief executive officer of MTS S.p.A., added: "Facilitating the requirements of market participants to automate transaction processing to their clearing and settlement houses of choice has always been a top priority in all the markets that MTS manages. This agreement with GlobeOp will extend to the hedge fund community the level of post-trading flexibility that BondVision is committed to providing to the 1,000 fund managers active in its market."