Czech Republic

  • Czech Republic

1 Country overview

MTS facilitates a dedicated market for the electronic trading of Czech government debt securities.

2 Instruments

Czech Koruna denominated securities issued by the Czech government, with a minimum of 1.25 years are traded on MTS.

The securities are divided into 4 different maturity buckets:

> A (1.25-3.5y)

> B (3.5-6.5y)

> C (6.5-13.5y)

> 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 of CZK 10 million.

Orders may be submitted for the following quantities:

> CZK 1 million and multiples with auto-matching

> Odd lots of CZK 0.5 million with manual matching subject to market makers’ acceptance

3 Participants

For a list of participants, click here.

3.1 Participant Requirements

All primary dealers of Czech Republic participate in MTS as market makers. Additional participants are able to participate in the market, subject to Committee approval.

The Committee sets the rules for admission of new participants. Participants can join MTS only as a market maker.

4 Market Hours

Cash Market Hours (CET)

Pre-Market: 8:45 – 9:15

Trading hours: 9:15 – 16:20

Market Closed: 16:20

5 Settlement

Trades on Czech Government bonds settle at Centrální Depozitář Cenných Papíru (CDCP). MTS sends Swift settlement instructions on behalf of both participants to CDCP. MTS participants must hold a securities account at CDCP either directly or indirectly through a custodian.

No Central Counterparty is available.

The settlement cycle is T+2. The settlement calendar follows the local business calendar, skipping -settlement date on Czech public holidays.

6 Market Data

Click to view report.

6.1 Password protected

Click to view:

Participant statistics