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Goldman Sachs International has been recognised by the National Treasury Management Agency (NTMA) as a primary dealer in Irish government bonds.
The NTMA said it was confident that the Irish government bond market will “benefit significantly from the strong presence which Goldman Sachs International has in other European sovereign bond markets as a primary dealer”.
Goldman Sachs International is already an active participant in the Irish Government bond market and the NTMA said it expects its joining the primary dealer group will “add to the depth and liquidity of the market and further enhance the profile of Irish government bonds for investors”.
There are now 14 primary dealers in Irish government bonds, including JP Morgan, Deutsche Bank, Davy Stockbrokers, Barclays Capital, BNP Paribas, Royal Bank of Scotland, Société Générale, UBS and HSBC.
Primary dealers bid in competitive auctions of Irish government bonds and make a two-way market in the bonds at all times. They are also market-makers in Irish government bonds on the major electronic trading platforms.
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