NewEuroMTS market for EU accession states surpasses EUR1 Billion in trades
18 February 2004 | 3463 views | 0
Electronic trading platform EuroMTS says its market for trading euro-denominated government securities of countries entering the European Union in May 2004 has surpassed the EUR1.1 billion mark after just two months of operation.
EuroMTS says the turnover on the NewEuroMTS platform is particularly encouraging, given that it is based on the trading activity of six eligible securities, with two recently qualifying for listing in January.
Gianluca Garbi, CEO of EuroMTS, says: "The success of NewEuroMTS has already prompted other EU accession states issuers to strive to meet the NewEuroMTS listing criteria in order that they too can reap the benefits afforded by this new market."
Furthermore, Banca Nazionale del Lavoro has joined NewEuroMTS as the 15th market maker, further improving the liquidity and quality of prices on the platform.