Competition in bond-trading platforms heats up in Europe

07/1/2008 | Financial Times (free content)

Austria has chosen BrokerTec, owned by interdealer broker Icap, as a trading platform for its bonds, rather than the long-dominant MTS. This gives primary dealers and investment banks that sell debt a choice of electronic platforms for trading Austrian-issued bonds. Belgium, the Netherlands and France also chose BrokerTec, introducing competition for electronic platforms in those markets, and more eurozone governments could follow.

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