Austria

  • Austria

1 Country overview

MTS facilitates a dedicated market for the electronic trading of Austrian government bonds.

2 Instruments

Euro denominated securities issued by the Austrian government, with maturity ranging from 1.25 to 30 years are traded in the MTS Austrian market.

The securities are divided into 4 different maturity buckets:

A (1.25-3.5y)

B (3.5-6.5y)

C (6.5-13.5y)

D (over 13.5y).

For a full list of available instruments, click here.

2.1 Minimum lots

Proposals must be formulated for a minimum quantity equal to EUR 2.5 or EUR 5 million, depending on the maturity bucket.

Orders may be submitted for the following quantities:

EUR 2.5 million and multiples for auto-matching

Odd lots of EUR 0.5 and multiples up to EUR 2.5, with manual matching subject to market makers' acceptance

3 Participants

For a list of participants, click here.

4 Market Hours

Cash Market Hours (CET)

Pre-Market: 7:30am – 8:00am

Trading Hours: 8:00am – 5:30pm

Market Closed: 5:30pm

5 Settlement

Trades on Austrian Government bonds settle at Euroclear Bank and Clearstream Banking Luxemburg. MTS sends Swift settlement instructions on behalf of both participants to the relevant ICSD. MTS participants must hold a securities account at one of the two ICSDs either directly or indirectly through a custodian.

LCH.Clearnet Ltd is available as a Central Counterparty: for CCP transactions MTS sends Swift trade messages on behalf of both participants to LCH.Clearnet Ltd.

The settlement cycle is T+2. The settlement calendar follows the TARGET calendar skipping value date only on TARGET non-business days.

6 Market Data

6.1 Password protected

Click to view:

Participant statistics