MTS Licences Lyxor for MTS Italy – Treasury BOT 6M Index
- Lyxor to list new ETF tracking new index
- New index composed of short term debt instruments – BOTs – issued by the Italian government
- Transparency of methodology and accuracy of index calculation meets highest industry standards
MTS, Europe’s premier facilitator for the European fixed income market, today announced that it has granted a licence to Lyxor to create ETFs based on its MTS Italy – Treasury BOT 6 Months Index.
The new index is composed of short term debt instruments – BOTs – issued by the Italian government, with minimum maturities of two months, leading to a targeted average duration of components of approximately six months.
Francois Millet, Product Line Manager - ETF & Index Funds at Lyxor said: “MTS Indices continue to develop benchmark tools for investors. We are pleased to launch a new ETF tracking the new MTS Italy – Treasury six months index, which will offer investors access to short-term debt instruments issued by the Italian government.”
Fabrizio Testa, Head of Product Development, MTS, said: “We are delighted that Lyxor has again chosen to create ETFs based on MTS Indices. By launching this index, MTS is responding to investors demand for tools allowing to run more granular analysis in terms of target duration. The transparency of the MTS methodology and the accuracy of the index calculation meet the highest industry standards.”
The LYXOR ETF BOT 6M is listed on Euronext from 19 December 2012 with a listing on Borsa Italiana to follow in early 2013.
The MTS Italy – Treasury BOT 6 Months Index will be published in real time, with two daily fixings, at 11:00 CET and 17:30 CET and it will be rebalanced weekly. All MTS Indices are calculated and published in real time. They are freely available on the website www.mtsindices.com and through major data vendors.
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About EuroMTS Indices:
The EuroMTS Index family is the first range of independent, transparent, real-time and tradable eurozone fixed-income indices designed for the international investment community. The EuroMTS Indices range consists of the EuroMTS Global Index and its maturity bands, the EuroMTS Inflation-Linked Indices range, composed of eurozone sovereign inflation-linked bonds, the EuroMTS Government Broad Index and its country sub-indices, the EuroMTS Short Broad Index, the EuroMTS Highest-Rated Indices, the EuroMTS Government Bills Index, the EuroMTS Covered Bond Index and the EuroMTS Deposit Indices (which include the EuroMTS Eonia Indices and the EuroMTS FedFunds Indices).
The EuroMTS bond indices are calculated and disseminated in real-time between 9:00CET and 1730CET, using bid prices of the underlying bonds trading on the MTS market. MTS is the leading market in Europe for the trading of fixed-income securities. The indices are produced and published by EuroMTS and are commercialised by MTSNext. They are available on www.mtsindices.com, and through a number of market data vendors such as Reuters (euromtsindex <GO>) and Bloomberg (EMTI <GO>). EuroMTS Indices are currently tracked by 36 ETFs and benchmarked by more than four hundred billion euros in managed funds.
More information is available at www.mtsindices.com
MTS is Europe’s premier facilitator for the electronic fixed income trading market, with over 500 unique counterparties and average daily volumes exceeding EUR 85 billion. MTS customers benefit from its relationship with Europe’s leading diversified exchange business, the London Stock Exchange Group, which operates the largest and most liquid equity marketplace in Europe. MTS markets provide the professional trading environment for the interdealer marketplace, enabling primary dealers from across the globe to access unparalleled liquidity, transparency and coverage.
MTS further facilitates the dealer-to-client bond market through BondVision, the most trusted and efficient electronic bond trading market, delivering exceptional access for institutional investors direct to the market makers.
MTS Data is sourced directly and exclusively from the MTS interdealer market and includes benchmark real-time data, reference data, reference prices, time series data and snap- shot data, providing the benchmark data source on the fixed income market.
London Stock Exchange Group:
London Stock Exchange Group (LSE.L) sits at the heart of the world’s financial community. The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, offering UK and Russian derivatives trading, pan-European and US lit and dark equity trading. Through its markets, the Group offers international business unrivalled access to Europe’s capital markets.
The Group is a leading developer of high performance trading platforms and capital markets software and also offers its customers around the world access and an extensive range of real-time and reference data products and market-leading post-trade services. The Group is also home to a world leading index provider FTSE, which creates and manages over 200,000 equity, bond and alternative asset class indices.
Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1,900 people.
Further information on London Stock Exchange Group can be found at www.londonstockexchangegroup.com