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
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.
All Irish Government bonds are issued by the NTMA and are listed on the Euronext Dublin 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:
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.