MTS launches government bond trading venue for Slovakia
- Slovakia has become the 20th country to join MTS Cash following a deal with ARDAL
- Over 100 unique counterparties trade on MTS Cash each day
- Average daily turnover exceeds EUR 100 billion across MTS platforms.
London - MTS, part of London Stock Exchange Group (LSEG), today announces that it has launched an electronic interdealer trading venue for Slovak government bonds on MTS Cash.
The new trading venue becomes the 20th operated in MTS Cash, following a year-long joint effort led by MTS and ARDAL – the Slovak government debt agency. The move aims to increase liquidity on Slovakia’s secondary trading market and improve price transparency.
MTS Cash is a comprehensive and professional cash securities trading environment for the interdealer marketplace. Participants benefit from access to liquid, transparent and efficient European bond markets and the largest interdealer network. Over 100 unique counterparties trade on the system each day and average daily turnover exceeds EUR 100 billion across MTS platforms.
Fabrizio Testa, Chief Executive Officer at MTS, said:
“We are delighted to have been chosen as the technology and infrastructure provider to support the continuing growth of the Slovak sovereign debt market. MTS has over 30 years’ experience in electronic trading and we have seen first-hand how markets instantly become more liquid after joining MTS Cash.
“A key element of our strategy is to continue our geographic expansion, bringing the benefits of trading on MTS to a wider number of participants and we are very proud that Slovakia has become our 20th market.”
Daniel Bytcanek, Director at ARDAL, said:
“The MTS trading platform, as the most widely used platform of this type in Europe, aims to enhance the liquidity and price transparency of Slovak government bonds on the secondary market and to contribute to further interest from investors, which will optimise our cost of funding in the longer term.”
To find out more about trading Slovak bonds on MTS Cash, please click here.
For further information:
+44 (0)20 7797 1222
Notes to editors:
MTS Group facilitates a number of regulated electronic fixed income markets across Europe and the US that are managed centrally to ensure optimum levels of global harmonisation and consistency. Over 500 unique counterparties trade an average volume of €100 billion each day on these platforms.
The individual companies within the MTS Group are regulated by financial services regulators in a number of European jurisdictions, including Financial Conduct Authority (FCA), Italian Ministry of Finance, Banca d’Italia and Consob, Autorité des Marchés Financiers (AMF). In the United States MTS Markets International Inc. is a member of FINRA and operates MTS BondsPro which is an ATS registered with the SEC.
MTS Cash is a comprehensive and professional cash securities trading environment for the interdealer marketplace. MTS cash includes several domestic markets regulated in different jurisdictions enabling primary dealers to access unparalleled liquidity, transparency and coverage. MTS Repo provides an order-driven market for the electronic transaction of repo agreements and buy/sellbacks in Italy.
MTS BondVision is a trusted and efficient multi-dealer-to-client electronic bond trading platform, delivering exceptional access for institutional investors direct to market makers. MTS BondVision is accessible in Europe from the Italian and the UK legal entities and in the US through the US legal entity of MTS Group (MTS Markets International Inc.). On the BondVision platform, MTS Group provides institutional investors with real-time pricing and the ability to trade with the major dealers.
MTS Credit provides a variety of electronic execution methods for a wide range of multi-currency non-government bonds, including covered, SSA, corporate and financial bonds. MTS Credit is composed of financial instruments available to trade on both BondVision and MTS Prime.
MTS Data is sourced directly and exclusively from the MTS interdealer market and includes benchmark real-time data, reference data, reference prices and historical data, providing the benchmark data source on the fixed income market.
FTSE MTS Indices are operated by FTSE TMX Global Debt Capital Markets, in which MTS has a minority stake. They provide independent, transparent, real-time and tradable Eurozone fixed income indices, based on tradable prices from MTS. FTSE MTS indices are tracked by (and can be traded via) around 40 ETFs in addition to numerous structured products.
For more information, visit www.mtsmarkets.com.
About London Stock Exchange Group:
London Stock Exchange Group (LSEG) is an international markets infrastructure business. Its diversified global business focuses on capital formation, intellectual property and risk and balance sheet management. LSEG operates an open access model, offering choice and partnership to customers across all of its businesses. The Group can trace its history back to 1698.
The Group operates a broad range of international equity, ETF, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS ( a European fixed income market); and Turquoise (a pan-European equities MTF). Through its platforms, LSEG offers market participants, unrivalled access to Europe’s capital markets. The Group also plays a vital economic and social role, enabling companies, including SMEs, to access funds for growth and development.
Through FTSE Russell, the Group is a global leader in financial indexing, benchmarking and analytic services with approximately $15 trillion benchmarked to its indexes. The Group also provides customers with an extensive range of data services, research and analytics through The Yield Book, Mergent, SEDOL, UnaVista, XTF and RNS.
Post trade and risk management services are a significant part of the Group’s business operations. In addition to majority ownership of LCH, a multi-asset global CCP operator, LSEG owns CC&G, the Italian clearing house and Monte Titoli, a leading European custody and settlement business.
LSEG Technology develops and operates high performance technology solutions, including trading, market surveillance and post trade systems for over 40 organisations and exchanges, including the Group’s own markets.
Headquartered in the United Kingdom, with significant operations in North America, Italy, France and Sri Lanka, the Group employs approximately 4,500 people.
Further information on London Stock Exchange Group can be found at www.lseg.com. The Group’s ticker symbol is LSE.L