Press releases 2011
14 June 2011
MTS launches Spanish sovereign debt indices
- First real-time independent indices for Spanish sovereign bonds
- Index to provide benchmark of local market
- New index series to include six sub-indices on maturity bands
- Latest addition to EuroMTS range of sovereign debt indices
MTS, Europe’s premier facilitator for the electronic fixed income market, today announces the launch of the MTS Spain Government Index series, the first real-time, independent indices of Spanish sovereign bonds. The indices will help participants track and trade Spanish government debt more effectively, and will provide transparency, tradability and independence, making them ideal tools for the creation of tracking instruments such as exchange traded funds (ETFs).
The MTS Spain Government Index comprises all Euro-denominated Spanish government bonds listed on the MTS platform with more than €2 billion in nominal amount outstanding, and with at least one year to maturity.
The new index range includes one comprehensive index including all Euro-denominated bonds, and six sub-indices with constituents split into maturity bands:
- One-three years maturity index
- Three-five years maturity index
- Five-seven years maturity index
- Seven-10 years maturity index
- 10-15 years maturity index
- 15 years or more maturity index
Jack Jeffery, Chief Executive of MTS, said:
“Spain is a key market for MTS and the launch of the MTS Spain Government Index aims to give investors an efficient and effective portfolio benchmarking tool. It also broadens our MTS Index range, which is already used as a reference for assets amounting to more than €1 trillion and tracked by 30 ETFs”.
Patrick Jacq, Senior Fixed Income Strategist at BNP Paribas, commented:
“The launch of the MTS Spain Government Index brings investors a specific tool for measuring the performance of a local market, within the broader range of Eurozone issuers. The maturity-band sub-indices offer important references across the yield curve, especially in periods characterised by high volatility.”
The MTS Spain Government Index is calculated and published in real-time from 9:00 to 17:30 CET, with daily snapshots at 11:00 CET, 16:00 and 17:30 CET.
The MTS Spain Government Index is an important addition to MTS country-specific indices which include MTS France, MTS Germany, MTS Italy and MTS Slovenia Indices.
Further details, including historical index data and monthly compositions, are available for free at www.euromtsindex.com and through a number of market data vendors.
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Notes to Editors:
About EuroMTS Indices:
The EuroMTS Index family is the first range of independent, transparent, real-time and tradable eurozone fixed-income indices designed for the international investment community. The EuroMTS Indices range consists of the EuroMTS Global Index and its maturity bands, the EuroMTS Inflation-Linked Indices range, composed of eurozone sovereign inflation-linked bonds, the EuroMTS Government Broad Index and its country sub-indices, the EuroMTS Short Broad Index, the EuroMTS AAA and ex-AAA Indices, the EuroMTS Government Bills Index, the EuroMTS Covered Bond Index and the EuroMTS Deposit Indices (which include the EuroMTS Eonia Indices and the EuroMTS FedFunds Indices). It also includes the MTS Italy and ex-Bank of Italy Indices.
The EuroMTS bond indices are calculated and disseminated in real-time between 9:00CET and 1730CET, using bid prices of the underlying bonds trading on the MTS market. MTS is the leading market in Europe for the trading of fixed-income securities. The indices are produced and published by EuroMTS and are commercialised by MTSNext. They are available on www.euromtsindex.com, and through a number of market data vendors such as Reuters (euromtsindex <GO>) and Bloomberg (EMTI <GO>). MTS Indices are currently tracked by 30 ETFs and benchmarked by more than one trillion Euros in managed funds.
More information is available at www.euromtsindex.com
About MTS:
MTS is Europe’s premier facilitator for the electronic fixed income trading market, with over 500 unique counterparties and average daily volumes exceeding EUR 85 billion. MTS customers benefit from its relationship with Europe’s leading diversified exchange business, the London Stock Exchange Group, which operates the largest and most liquid equity marketplace in Europe.
MTS markets provide the professional trading environment for the interdealer marketplace, enabling primary dealers from across the globe to access unparalleled liquidity, transparency and coverage.
MTS further facilitates the dealer-to-client bond market through BondVision, the most trusted and efficient electronic bond trading market, delivering exceptional access for institutional investors direct to the market makers.
MTS Data is sourced directly and exclusively from the MTS interdealer market and includes benchmark real-time data, reference data, reference prices, time series data and snap- shot data, providing the benchmark data source on the fixed income market.
About London Stock Exchange Group:
London Stock Exchange Group (LSE.L) sits at the heart of the world’s financial community. The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, offering pan-European and US lit and dark equity trading. Through its markets, the Group offers international business unrivalled access to Europe’s capital markets.
The Group is a leading developer of high performance trading platforms and capital markets software and also offers its customers around the world an extensive range of real-time and reference data products and market-leading post-trade services.
Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1,500 people.
Further information on London Stock Exchange Group can be found at www.londonstockexchangegroup.com