Central Banking

Italy MTS to adopt RTGS system soon

MTS SpA, Italy's secondary bond market operator, will soon adopt real-time gross settlement (RTGS) for bond operations to replace current end-of-day settlement, MTS deputy director general Ezio Dosa said on Wednesday.

"We will adopt RTGS as soon as we have guarantees that the system will work. It's a step we have to take," Dosa said. "We have traffic of over 16 billion euros a day of government securities traded just in Italy and so we have to be certain the system will work properly and

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