EuroMTS launches MTS Austrian Market

EuroMTS launches MTS Austrian Market

EuroMTS has launched MTS Austrian Market, a segment of the electronic trading platform that lists all Austrian government bonds with a minimum outstanding size of at least €3 billion.

MTS Austrian Market has already secured the support of 20 market makers, including ABN AMRO, Barclays Bank, BNP Paribas, Deutsche Bank, Merrill Lynch, Morgan Stanley and Société Générale.

Helmut Eder, managing director, Austrian Federal Financing Agency, says the listing of Austrian bonds will improve market transparency and efficiency and consequently buoy their liquidity.

The new segment will complement trading of Austrian benchmark government bonds on EuroMTS alongside European benchmarks that meet the €5 billion minimum listing criteria of the platform.

Gianluca Garbi, CEO, EuroMTS, says: "The launch of MTS Austrian Market advances our efforts toward consolidation in the European bond markets and reinforces our business model, which provides both a central wholesale market for Eurobenchmark bonds as well as domestic markets designed to boost liquidity for the respective national debt."

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