Bondclick’s Development Now All In-House; New Staff Hired
TRANSACTION SYSTEMS
LONDON--Bondclick, the bank consortium for electronic fixed-income trading, will develop the system completely in-house rather than work with MTS, and it has trebled its development staff to get the job done on time.
MTS, the European electronic bond trading system, had planned to take an investment in Bondclick and to use its MTS Telematico system to provide the pricing infrastructure (TTW, June 16). But Bondclick decided to do the development itself and let the letter of intent with MTS expire
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