EuroMTS today announced plans to create Euro Government Bond Indices calculated using prices from the MTS group of companies. ” Given its reference status and market-making model which provides homogenous and continuously tradable prices for all European government securities, the MTS Group is in a unique position to offer such a product ,” says EuroMTS . “MTS Data in its raw form is currently distributed via market data vendors, and offers unparalleled transparency for market participants wishing to observe the wholesale bond market in real time. “
Thecompany says the quality and transparency of MTS Data have motivated a number of market participants to request the creation of Euro Government Bond Indices using such data and consequently, EuroMTS has resolved to adopt, re-brand and expand existing and respected bond indices: the CNO Etrix Indices.
The CNO Etrix Indices, currently controlled by the Comit de Normalisation Obligataire (CNO), are euro-denominated Government Bond Indices that are widely known and tracked within France. In adopting the product, the MTS group will provide transparent, tradable prices for its calculation, and will seek to expand the index so that it becomes a truly European franchise. The transition of the index from the CNO to MTS will be smooth and without interruption to the production of the indices.
EuroMTS also announced plans to work with a partner to assist in the development of its Euro Government Bond Indices. A suitable partner would provide expertise in the calculation, distribution and marketing of indices, and negotiations are currently being held with strong candidates.
Gianluca Garbi, Chief Executive Officer of EuroMTS, said: “The development of Euro Government Bond Indices is in response to repeated requests coming from European institutions on both the buy- and the sell-side. The combination of an existing franchise, an established index algorithm, the uniqueness of MTS Data and the level of interest expressed by the market makes us extremely enthusiastic for the potential of this project.”
EuroMTS Ltd currently has a presence in the Austrian, Belgian, Dutch, Finnish, French, German, Greek, Irish, Italian, Portuguese and Spanish government bond markets , and in quasi government bonds of EIB, KfW and Freddie. EuroMTS Ltd. manages three different markets on a shared infrastructure: Telematico Cash; Telematico Repo Trading Facility (RTF); Telematico Basis Trading Facility (BTF). A Spread Trading Facility will soon be made available.
MTS Data offers real time, best bid and offer quotes (price & quantity) for over 330 bonds actively traded in the inter-dealer markets of EuroMTS, MTS Amsterdam, MTS Belgium, MTS France, MTS S.p.A. (MTS Italy) and MTS Portugal. Data for other fixed income products and other MTS markets, specifically MTS Germany and MTS Spain, will be made available by year-end.
MTS manages the electronic trading platform known as Telematico used for the electronic trading of fixed-income securities. MTS has average transaction volumes of 70 billion euros a day (single-counted). The MTS Group includes the following wholesale markets: MTS Amsterdam, MTS Belgium, EuroMTS, Eurocredit MTS, MTS Espaa, 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 platform. Tradable products on the Telematico markets comprise Austrian, Belgian, Dutch, Finnish, French, German, Greek, Irish, Italian, Portuguese and Spanish government bonds; quasi government bonds of EIB, KfW, Freddie Mac and CADES; covered bonds including Pfandbriefe and Obligations Foncires, and corporate bonds of various sectors.