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.”
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.