MTS’s BondVision (part of the Euronext group) has updated its default settlement offset to T+1.
In anticipation of the North American transition to a shortened settlement cycle, USD-denominated bonds will now settle on a T+1 basis on the platform.
BondVision is a dealer-to-client electronic fixed income trading platform, which allows users to track market events in real time.
Both real-time and historical cash and repo interdealer trading data are accessible through the platform, along with MTS Orderbook price updates.
Commenting on the announcement, Euronext said: “The community of BondVision market professionals will benefit from the relevant changes, automatically, whilst maintaining the flexibility to select a non-standard settlement cycle when required.”
