The euro government bond benchmark - tradable, real-time and independent indices.
FTSE MTS Indices are a set of benchmarks for European sovereign bond market. The indices are calculated and distributed by FTSE International Limited (“FTSE”), or its agent, using pricing data from the MTS platform. All quotes made on the consolidated inter-dealer platform are live and tradable to member dealers. Additionally, market data from the order book is widely distributed via data vendors.
FTSE MTS indices are the first independent total-return indices measuring the performance of the largest and most widely-traded securities in the euro bond market. The data underlying FTSE MTS Indices is drawn from real-time tradable prices on MTS, the first and leading electronic marketplace for cash bond trading across Europe with over over 500 unique counterparties and average daily turnover exceeding EUR 85 billion.
The Euro government bond indices serve as the reference for numerous financial instruments such as exchange traded funds (ETFs), structured products, bond funds and index certificates.
Origin and History
In January 2003 EuroMTS Ltd acquired the intellectual property rights to the well established CNO Etrix indices. The CNO indices were developed by the Comité de Normalisation Obligataire (French Bond Association) in 1989 to include French Sovereign debt and were subsequently evolved to include Eurozone government bonds from 1 January 1999.
The design of the EuroMTS Government indices and the selection criteria are unchanged from the original CNO Etrix specification however they have been calculated using real time MTS Markets prices since May 2003.
EuroMTS' euro government bond index range has since been expanded to include other bond asset classes traded on MTS Markets according to the same principles of tradability and transparency originating from the real time EuroMTS Governments indices.
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