Primary Dealers - Irish Government Bonds

The marketplace for Irish Government bonds

The Irish Government bond market is managed by the National Treasury Management Agency (NTMA). The NTMA requires Primary Dealers to make continuous two-way prices in designated benchmark bonds, in specified minimum amounts and within specified maximum bid-offer spreads.

Becoming a Primary Dealer 

Firms interested in becoming a Primary Dealer in Irish Government bonds should consult with the NTMA as to their suitability for becoming a Primary Dealer.

All Primary Dealers are required to become member firms of Euronext Dublin. We offer a prompt membership process that can be completed in a short time frame. Please contact us to further discuss your membership requirements.

Current member list

Barclays Bank PlcHSBC France
BNP Paribas S.A.JP Morgan
Cantor Fitzgerald Ireland LimitedMerrill Lynch International
Citigroup Global Markets LimitedMorgan Stanley & Co. International plc
Danske Bank A/SNatWest Markets
DavyNomura International Plc
Deutsche Bank AGSociete Generale S.A.
Goldman Sachs International BankUBS Limited

Fees

Admission Fee€12,700
Annual Fee€31,700

No fees apply to the submission of daily trading activity by Primary Dealers.

Non-Primary Dealer member firms which are authorised to trade in Irish Government bonds are charged a fee of €10 per deal included in the end of day file of trading activity.

Trading

All Irish Government bonds are issued by the NTMA and are listed on Euronext Dublin's Main Securities Market.

Primary dealers must submit an end of day file of trading activity in Irish Government bonds and treasury bills to Euronext Dublin. 

Electronic trading in Irish Government bonds is available on a number of electronic trading platforms recognised by the NTMA including:

  • EuroMTS
  • BGC Partners Inc
  • BrokerTec

The NTMA may also recognise other platforms from time to time. For further information please refer to the NTMA website.

Rules and Market Model

In addition, the Euronext Harmonised Rulebook, which is referenced within the Rules, is available at the following link: https://www.euronext.com/en/regulation/harmonised-rules.

Trading calendar

OTHER MEMBERSHIP

CONTACT US

Niall Gibney, Head of Traded Markets Dublin, Euronext Dublin

Niall Gibney

+353 1 6174272

ngibney@euronext.com

 

Conor Miles, Traded Markets Manager Dublin, Euronext

Conor Miles

+353 1 6174215

cmiles@euronext.com