EuroMTS has launched MTS Austrian Market, a segment of EuroMTS. It lists all Austrian government bonds with a minimum outstanding size of at least Euros 3 billion. MTS says the new segment will complement trading of Austrian benchmark government bonds on EuroMTS alongside European benchmarks that meet the Euros 5 billion minimum listing criteria of the platform.
“The listing of Austrian bonds on a dedicated MTS segment will improve market transparency and efficiency, and with the proven MTS market making model, will consequently buoy their liquidity,” says Helmut Eder, Managing Director at the Austrian Federal Financing Agency.
MTS Austrian Market has 20 Market Makers and the same number of Market Takers. Market Makers on the segment include ABN AMRO, Barclays Bank, BNP Paribas, BHV Group, CDC IXIS, CitiGroup, Credit Agricole Indosuez, CSFB, Deutsche Bank, Dresdner Bank, DZ Bank, Goldman Sachs International, HSBC CCF, ING Bank, JP Morgan, Merrill Lynch, Morgan Stanley, Nomura, Societe Generale and UBS. 12 issues are currently eligible for trading on MTS Austrian Market.
“The launch of MTS Austrian Market advances our efforts toward consolidation in the European bond markets and reinforces our business model, which provides both a central wholesale market for Eurobenchmark bonds as well as domestic markets designed to boost liquidity for the respective national debt,” says Gianluca Garbi, Chief Executive Officer of EuroMTS.
MTS Group now has MTS Amsterdam, MTS Austrian Market, MTS Belgium, Eurocredit MTS, MTS Espana, MTS Finland, MTS France, MTS German Market, MTS Ireland, MTS S.p.A. (‘MTS Italy’), MTS Japan and MTS Portugal. The Group also includes BondVision, the Internet-based multi-dealer-to-client market.