ISRAEL - EuroMTS is to launch an electronic inter-dealer market for Israeli fixed income securities, based on its Telematico trading system.
MTS Israel, which will initially list Israeli sovereign debt securities, will be operated as a division of EuroMTS. Local operational and technical support will be provided by the Tel Aviv Stock Exchange.
All major local and international dealers are expected to participate in the new market.
Gianluca Garbi, chief executive officer of EuroMTS, said: “The MTS market model will enhance transparency and liquidity in the Israeli fixed income market, at the same time facilitating the introduction of global banks and investors.
“Eventually this should make it easier and cheaper for the Ministry of Finance to issue bonds and give investors a more liquid product.”
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.