The EuroMTS Index is designed to ensure optimal transparency, replicability, homogeneity and representativeness of the euro-denominated government bond market, creating a valuable instrument for investors, banks and analysts. The EuroMTS Index is a successor to the well-established CNO Etrix in France, which is already used by more than 50% of French institutional investors. Intra-day Index values are distributed via Reuters and will soon be available via other data vendors.
Jean-FranÃ§ois ThÃ©odore, Chief Executive Officer of Euronext, said: âThe partnership of EuroMTS and Euronext once again sees the cooperation of our organisations in the European capital markets and will undoubtedly enhance the delivery of the new reference tool in the eurozone. These indices will create a new marketplace for Exchange Traded Funds (ETFs), futures & options and other financial products based on bond indices.â
Gianluca Garbi, Chief Executive Officer of EuroMTS, said: âThe EuroMTS Index is based on the uniqueness of MTS Data, which offers the best real time prices in the euro government bond market. Institutional investors, fund managers and producers of financial instruments will recognize the advantages of this index which will offer them a standardised benchmark for structuring their financial products.â
Euronext holds one-third of the shares of the new company, MTSNext, which is responsible for the management of the EuroMTS Index, with the remainder of the shares being held by EuroMTS. Scott Stark, who assumes the position of Chief Executive Officer, will lead the development of the indices. A Technical Committee, composed of leading figures from all sectors of the bond industry â Treasuries, investment banks and fund managers â will assist in determining the construction, maintenance and future expansion of the EuroMTS Index. EuroMTS is responsible for the calculation of the Index and for this purpose uses a proven and robust technology infrastructure provided by ION Trading Limited.