25 September 2017
Find out more

MTS plans Brazilian global bonds market

08 May 2008  |  2160 views  |  0 Source: MTS Group

MTS Group, the pan-European electronic trading platform for government bonds, is pleased to announce an agreement with the Brazilian Ministry of Finance for the creation of an electronic market dedicated to the trading of local currency sovereign securities issued by the Federative Republic of Brazil.

MTS Brazil, which will allow for trading in real-denominated Brazilian international bonds, is expected to launch in the course of 2008

“We are pleased to cooperate with MTS toward the creation of an electronic market for Brazilian international bonds,” said Paulo Valle, Deputy Secretary of the Brazilian National Treasury. “The new market represents a significant step in the continued development of Brazil’s government securities market, and in the expansion of Brazil’s external investor base. Therefore, we expect it to provide a benchmark for our international fixed income sector.”

Ciro Pietroluongo, Chief Executive Officer of MTS said: “As global capital markets search for greater liquidity and efficiency in their bond issuance, MTS is committed to creating an environment where issuers, dealers and investors can satisfy this need. We look forward to working with the Brazilian Ministry of Finance and dealers to develop a model that enhances liquidity and efficiency within the market.”

Alexei Remizov, Senior Vice President of HSBC commented: “We are committed to supporting the Brazilian bond market and are therefore pleased that MTS will launch an efficient electronic trading platform for Brazil. We expect the new market will lead to increased participation in Brazilian bonds.”

“We look forward to the launch of MTS Brazil as we expect it to heighten efficiency in the trading of Brazilian sovereign debt,” said Charles Achoa Jr, Managing Director, Credit Suisse. “Thus, its introduction will develop the marketplace and allow us to continue to best serve our clients.”

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comdownload the paper nowvisit www.temenos.com

Top topics

Most viewed Most shared
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
11082 views comments | 15 tweets | 30 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
9002 views comments | 16 tweets | 1 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8832 views comments | 19 tweets | 27 linkedin
European Commission makes fintech a priority in supervisory shakeupEuropean Commission makes fintech a priori...
8510 views comments | 33 tweets | 46 linkedin
hands typing furiouslyBlockchain is a new way of thinking?
7102 views 2 | 10 tweets | 1 linkedin

Featured job

A minimum of £200K (not a limiting factor)

Find your next job