Company Structure

EuroMTS Limited is the company that manages the pan-European electronic trading platform for government and quasi-government Eurobenchmark bonds, bonds denominated in euro with at least €5 billion in outstanding size.

EuroMTS, a private London-based company, officially started its operations on the 9th April 1999 as the pan-European electronic trading system for euro-denominated benchmark government bonds. Shares in the company are held by MTS SpA, whose shareholders in turn are Borsa Italiana (60.37%) and major financial institutions which have a strong presence in the European secondary government bond markets.

The company, regulated by the FSA, was formed to enable institutional trading of Eurobenchmark bonds electronically through a common trading platform, with the primary objective of enhancing the liquidity, transparency and efficiency of the European bond markets while minimising the cost of trading.

Today, EuroMTS is the reference electronic market for Eurobenchmark bonds with a pool of instruments that now includes benchmark securities from 15 government and quasi-government issuers, namely Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, The Netherlands, Portugal, Spain, Depfa, the European Investment Bank (EIB), Freddie Mac and Kreditanstalt fuer Wiederaufbau (KfW).

In addition, divisions and segments dedicated for specific bond types with their respective listing criteria are found under the EuroMTS market: EuroCredit MTS, MTS Austrian Market, MTS Greek Market, MTS Ireland, NewEuroMTS, the EuroGlobalMTS, the EuroBenchmark Treasury Bill Segment, the MTS Quasi-Government Segment, the MTS Cedulas Market and the EuroMTS Linkers Market.

100% of the shares of EuroMTS are now held by MTS SpA, following the approval of the Boards of MTS SpA and EuroMTS for the two companies to consolidate. EuroMTS however continues to operate as an inter-dealer trading system incorporated in the United Kingdom.

	Financial statement:
	Group Annual Report 2006
	EuroMTS Report 2006
	Brochures/Documents/Publications:
	The liquidity pact
	MTS Data
	Overview
	MTS Benchmark
	Repo