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New Markets Live on SIGMA X MTF: Czech Republic & Hungary

July 27, 2020

New Markets Live on SIGMA X MTF: Czech Republic & Hungary

SIGMA X MTF has expanded its product universe to incorporate emerging markets, starting with the Czech Republic and Hungary. With 3100 instruments now listed across 16 European markets, SIGMA X anticipates that this addition will aid members in their ability to execute these typically more volatile instruments within the benign environments of SIGMA X Auction and Non-Displayed books.

Since the launch of these markets late-May, there has been positive uptake. The average Auction size on Czech Republic and Hungary has been EUR 20.7k and EUR 8.8k respectively, surpassing the average auction size across all SIGMA X markets of EUR 7.5k.

New Markets Live on SIGMA X MTF: Czech Republic & Hungary

Data Source: SIGMA X MTF 27th May - 24 th July 2020

Members have continued to leverage the SIGMA X market data to facilitate LIS trading. On average, the Hungary and Czech Republic Auctions increase in size by 45% and 30% respectively as a result of new orders joining during the Auction Call, with the largest trades executed at EUR 49.2k and EUR 113.6k respectively.

New Markets Live on SIGMA X MTF: Czech Republic & Hungary

Data Source: SIGMA X MTF 27th May - 24 th July 2020

For further information on how to access SIGMA X MTF, please reach out to GSSigmaXMTF@gs.com

Source: Goldman Sachs