UBS Warburg and Credit Suisse First Boston have joined MTS France, the electronic trading platform for French government and non-government bonds.

UBS was the first of the new French primary dealers to go live on the system after being selected by the Treasury in the summer. CSFB is the second so-called 'market taker' to go live after Nomura, which began trading on the platform earlier this year. Jonathan Och, head of European government bonds at UBS Warburg, said: &quotMTS France is one of the cornerstones of our strategy to build up the market presence of UBS Warburg in France.&quot MTS France achieved record volume in November, at €18.6bn ($16.5bn). The most traded security was Cades, the triple-A rated French agency, which achieved a daily record of €315m on November 13.