Finnish State Treasury Picks Eurex Bonds as Eligible Trading Platform
Eurex Bonds, the international electronic bond trading platform, today announced that it has been admitted by the Finnish State Treasury to act as a secondary market venue for trading of Finnish government bonds. In Finland, 14 primary dealers are eligible to conduct wholesale government bond market operations.
Laurent Ortiz, managing director of Eurex Bonds, said “We are delighted to be one of the eligible electronic trading platforms for Finnish government bonds. The admission is a confirmation of our goal to provide a liquid market for European bonds on an electronic trading platform, thereby increasing transparency for all market participants.”
Finland is the second European country to grant Eurex Bonds the status of “eligible platform” for primary dealers. Since 2008, Eurex Bonds has also been eligible for the wholesale government bond market in the Netherlands, the admission was re-confirmed in March 2009 by the Dutch Treasury Ministry. In 2009, around EUR 4 billion of Dutch government bonds (single counted) were traded via the Eurex Bond platform.
In the first three quarters of 2009, Eurex Bonds recorded a total traded volume (single counted) of EUR 66 billion.
The Eurex Bonds electronic trading platform is operated by Eurex in cooperation with leading international trading firms. Eurex Bonds hosts trading in German and European government bonds, including inflation-indexed bonds and treasury bills, in government-backed bonds from agencies and other sub-sovereigns such as German federal states, in covered bonds, including Jumbo Pfandbriefe, in European corporate bonds (banks) and in “slimbos” (short money market bonds). Eurex Bonds also offers an attractive combination of Eurex-traded futures and selected bonds as part of its underlying trading range. Eurex Clearing acts as the central counterparty for all transactions. Eurex Bonds and Eurex Repo round out Eurex’s fixed-income product segment.
Eurex Bonds website (www.eurexbonds.com)
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.