Electronic trading platform, EuroMTS last month launched what it hopes will become the main platform for trading treasury bills. To ensure the deepest possible liquidity, Euro Benchmark Treasury bills will be offered via a parallel listing on the EuroMTS Benchmark Treasury bills market and on their own MTS domestic markets.
As well as greater liquidity, EuroMTS hopes to build awareness at the very short end of the market by creating common standards and a single point of access to trading. This will enable it to create benchmark bills that set the price for the entire market.
In order to be eligible for listing, Treasury bills are required to be e1bn or more, issued or tapped in the previous 60 days. They will be divided into three buckets of three, six and 12 months. Initial issuers include France, Germany, Italy and Spain.
