Thursday, October 04 11:54:58
The Irish Stock Exchange (ISE) has admitted Morgan Stanley as a member firm in order that the National Treasury Management Agency (NTMA) can recognise it as a Primary Dealer in Irish Government Bonds.
Morgan Stanley's membership brings to seventeen the number of Primary Dealers which trade on the ISE.
The main role of the Primary Dealer is to continuously make markets in Irish Government Bonds as well as participating in bond and bill issuance organised by the NTMA.
"We are delighted that Morgan Stanley has joined the Irish Stock Exchange. Its recognition as a Primary Dealer confirms the strong and growing international interest in participating in the market for Irish Government bonds and bills. The firm's global reach will bring additional distribution and even further liquidity to the Irish Government Bond and bill market," said Brian Healy, Director of Traded Markets, Development, Operations at the ISE.
"As one of the leading dealers in the European Government Bond market, we are pleased to be appointed as a Primary Dealer for Irish Government bonds", said Colm Kelleher, Co-President of Institutional Securities and Head of EMEA and Asia Pacific for Morgan Stanley.
"Not only does it demonstrate our commitment to the Irish market but it will also enable us, as one of the leading participants in the secondary Irish bond market, to meet the strong investor interest we are seeing for Irish debt."