Vega-Chi sets 7th Feb launch for high yield MTF

LONDON--(Marketwire - Jan 16, 2012) -

Vega-Chi announces 7th February 2012 launch date for its high yield/sub
financial bonds MTF

Vega-Chi is pleased to announce the
launch date of its new multilateral trading facility (MTF) dedicated to
European high yield and subordinated financial bonds set for Tuesday
7th February 2012.

The Vega-Chi MTF is the first buy-side to buy-side electronic trading
platform allowing institutional investors to trade directly with each
other in a fully anonymous setting. With the ability to by-pass
intermediaries, participants can achieve better price executions and
access liquidity directly from each other. In addition, the Vega-Chi
MTF provides full pre-trade and post-trade transparency and historical
price information allowing portfolio managers and traders to make
better informed decision. The trading system also includes a Block
Trading facility which allows clients to anonymously negotiate larger
trades with each other.

Vega-Chi already operates a successful similar trading platform for
European convertible bonds with 65 participants. Both platforms
utilise the same trading engine developed by Vega-Chi.

Constantinos Antoniades, Chief Executive Officer said "We are very
pleased to bring buy-side to buy-side trading in the high yield and
subordinated financial bond markets. We believe these markets are now
ready for electronic trading and clients are much more aware and eager
about the benefits of accessing liquidity directly from each other.
The execution price savings to clients could be significant and we
believe it will improve the current structure of these markets."

Nick Ashby, Head of High Yield at Vega-Chi said "The market response
has been very strong. We have already signed a lot of clients and we
expect participation to increase further shortly after our launch.
Given the reduced capital commitment from investment banks and dealers,
clients are very interested in trading in an alternative pool of
liquidity which provides full anonymity and at the same time more
transparency."

More details are available on  www.vega-chi.com .

Contact details:

Constantinos Antoniades, (44)203-440-2772,  c.antoniades@vega-chi.com 

Nick Ashby, (44)203-440-2774,  n.ashby@vega-chi.com 







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