The segment will utilise MTSâs âBondForAllâ facility, which permits participants to trade without quoting commitments. Accessible to all MTS members, the facility allows participants to leverage their existing technical infrastructure in order to widen their range of tradable instruments.
The initial list of securities encompasses bonds issued by the governments of Argentina, Brazil, Bulgaria, China, Colombia, Jamaica, Iceland, Israel, Korea, Lebanon, Macedonia, Mexico, Morocco, Peru, the Philippines, South Africa, Turkey, Ukraine, Uruguay and Venezuela. The minimum transaction size in respect of bonds listed in this segment is Ã¢âÂ¬100,000.
Gianluca Garbi, Chief Executive of EuroMTS, commented: âWe are pleased to offer participants a larger pool of tradable securities from non-European sovereign issuers in a manner that is consistent with the needs of this marketplace. Sovereign bonds issued by non-EU members represent a growing part of the euro-denominated bond market and we are committed to facilitating efficient trading in the full spectrum of euro-denominated bonds.â