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London, 8 May 2008
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.”
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Notes to Editors
MTS Group
The group of MTS companies collectively comprises Europe’s premier electronic market in fixed income securities with daily volumes exceeding €85 billion (single counted). The MTS model utilizes a common trading platform, although regulatory responsibility remains under the jurisdiction of the relevant domestic competent authorities.
The group of companies include the following wholesale markets: EuroMTS, EuroCredit MTS, NewEuroMTS, EuroGlobalMTS, MTS Quasi-Government Market, Eurobenchmark Treasury Bills Market, EuroMTS Linkers Market, MTS Cedulas Market, MTS Amsterdam, MTS Austrian Market, MTS Belgium, MTS Denmark, MTS Deutschland, MTS España, MTS Finland, MTS France, MTS Greek Market, MTS Ireland, MTS Israel, MTS Italy, MTS Poland, MTS Portugal and MTS Slovenia.
The group also includes BondVision, the Internet-based multi-dealer-to-client platform and MTSNext, the company that manages the EuroMTS Indices, the first range of independent, transparent, real-time and tradable eurozone fixed income indices. Tradable products on the MTS markets comprise Austrian, Belgian, Brazilian, Bulgarian, Chinese, Croatian, Cypriot, Czech, Danish, Dutch, Finnish, French, German, Greek, Hungarian, Irish, Israeli, Italian, Lithuanian, Mexican, Polish, Portuguese, Romanian, Slovakian, Slovenian, South African, Spanish, Turkish and Venezuelan government bonds; quasi government bonds such as EIB, KfW, Freddie Mac and CADES; Pfandbriefe, Obligations Foncières, Cédulas, Irish ACS; Dutch, Italian, UK and US covered bonds and EONIA swaps.
More information is available on www.mtsgroup.org
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