The bonds issued by the Slovak government went abreast of bonds of other developed countries which are traded on referential pan-European electronic trading platform MTS (Mercato Telematico Secondario). The platform is operated by the British company EuroMTS Limited.
Monday, 19 February 2018, was the first trading day, when the Slovak government bonds could be traded on MTS Slovakia that is part of MTS Cash Domestic Market MTF, multi-lateral trading system operated by the EuroMTS Ltd. The MTS Slovakia market can be accessed by the primary and cooperating dealers of the Slovak Republic, compliant with contractual criteria. Settlement of trades concluded on MTS Slovakia shall be executed by Centrálny depozitár cenných papierov SR, a.s. (CDCP). To that purpose at the end of January 2018 CDCP granted access to EuroMTS Ltd. to its system for settlement of transactions in securities. Trades concluded on MTS Slovakia shall be settled by CDCP participants according to conditions set by the Rules of Operation of CDCP.
„Provision of settlement services for trades concluded on MTS Slovakia platform is an important milestone in operation of CDCP. CDCP proved its ability to co-operate in an international environment and to provide its services at the level acceptable by foreign partners.“ stated Mr Peter Nagy, Director of the Operation Department of CDCP. By admitting the government bonds to the pan-European electronic trading platform the number of potential investors will increase, and liquidity and price-transparency on the secondary market of the Slovak government bonds should boost. „It is expected that trading on recognised electronic market MTS Slovakia shall increase the interest in the Slovak government bonds, what may result in the better issuance conditions.“ added Mr Peter Nagy.
