1 Country overview
MTS facilitates a dedicated market for the electronic trading of Austrian government bonds.
Euro denominated securities issued by the Austrian government, with maturity ranging from 1.25 to 30 years are traded in the MTS Austrian market.
The securities are divided into 4 different maturity buckets:
D (over 13.5y).
For a full list of available instruments, click here.
2.1 Minimum lots
Proposals must be formulated for a minimum quantity equal to EUR 2.5 or EUR 5 million, depending on the maturity bucket.
Orders may be submitted for the following quantities:
EUR 2.5 million and multiples for auto-matching
Odd lots of EUR 0.5 and multiples up to EUR 2.5, with manual matching subject to market makers' acceptance
For a list of participants, click here.
4 Market Hours
Cash Market Hours (CET)
Pre-Market: 7:30am – 8:00am
Trading Hours: 8:00am – 5:30pm
Market Closed: 5:30pm
Trades on Austrian Government bonds settle at Euroclear Bank and Clearstream Banking Luxemburg. MTS sends Swift settlement instructions on behalf of both participants to the relevant ICSD. MTS participants must hold a securities account at one of the two ICSDs either directly or indirectly through a custodian.
LCH SA is available as a Central Counterparty: for CCP transactions MTS sends Swift trade messages on behalf of both participants to LCH SA.
The settlement cycle is T+2. The settlement calendar follows the TARGET calendar skipping value date only on TARGET non-business days.
6 Market Data
6.1 Password protected
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