MTS launches government bond trading venue for Slovakia

MTS, part of London Stock Exchange Group (LSEG), today announced that it has launched an electronic interdealer trading venue for Slovak government bonds on MTS Cash.

  • Slovakia has become the 20th country to join MTS Cash following a deal with ARDAL
  • Over 100 unique counterparties trade on MTS Cash each day
  • Average daily turnover exceeds EUR 100 billion across MTS platforms.

The new trading venue becomes the 20th operated in MTS Cash, following a year-long effort led by MTS and ARDAL, the Slovak government debt agency. The move aims to increase liqudity on Slovakia’s secondary trading markets and improve price transparency.

MTS Cash is a comprehensive and professional cash securities trading environment for the interdealer marketplace. Participants benefit from access to liquid, transparent and efficient European bond markets and the largest interdealer netwrok. Over 100 unique counterparties trade on the system each day and average daily turnover exceeds EUR 100 billion across MTS platforms.

Fabrizio Testa, Chief Executive Officer at MTS, said:

We are are delighted to have been chosen as the technology and infrastructure provider to support the continuing growth of the Slovak sovereign debt market. MTS has over 30 years’ experience in electronic trading and we have seen first-hand how markets instantly become more liquid after joining MTS Cash.

A key element of our strategy is to continue our geographic expansion, bringing the benefits of trading on MTS to a wider number of participants and we are very proud that Slovakia has become our 20th market.

Daniel Bytcanek, Director at ARDAL, commented:

The MTS trading platform, as the most widely used platform of this type in Europe, aims to enhance the liquidity and price transparency of Slovak government bonds on the secondary market and to contribute to further interest from investors, which will optimise our cost of funding in the longer term.

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