ING Wholesale Banking, a business line of the Dutch ING Group, has become a member of the Irish Stock Exchange and primary dealer on the Irish government bond market.
According to ING, the Irish primary dealership initiative is another important step in the development of ING's European fixed income business, as it is consistent with the bank's strategic objective to further develop the product coverage range for its target client base.
ING Bank NV is already a market maker for Irish Government bonds on the EuroMTS electronic trading platform and the NTMA is confident that the bank's recognition as a primary dealer will strengthen this market further and enhance the profile of Irish Government bonds for investors. ING holds a total of six primary dealerships.
The addition of ING brings the number of primary dealers to nine, following the departure of AIB a number of years ago.
The other eight are: ABN Amro, London; Barclays Capital, London; Calyon, Paris; Citigroup Global Markets, London; Davy Stockbrokers, Dublin; Deutsche Bank, Frankfurt and London; Royal Bank of Scotland, London and HSBC CCF, Paris. |
