Like David Bowie and Queen………….the FT reports what many have known for a while; that several European Debt Agencies are looking to have more than just MTS as the e-Trading platform of choice for their bonds.

Belgium have been first to open up their market by adding Brokertec and eSpeed to MTS as the official platforms for Belgian Debt. The Netherlands looks to be next. Indeed at a seminar held by the Securities Institute last week in London, ICAP mentioned that they believed the Dutch DMO would go down the three platform path as well.

What is a concern is the MTS Chairman’s, obviously PR written, response: “MTS has a strong track record of working with the Belgian DMO and Primary Dealers to deliver a premier trading platform offering unparalleled liquidity, transparency and efficiency.”

Kind of begs the question…….so what?

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