MTS said it will also provide real-time market data for the platform.
The Czech Republic will join the 14 countries which already use MTS for their primary and secondary government bond markets.
The market will aim to be operational by the end of second quarter of 2011.
MTS claims that a number of international banks have already declared their interest in participating in the Czech government bond market once it begins operating on MTS’s platform.
MTS chief executive Jack Jeffery said this is a great opportunity for MTS. The Czech Republic is an increasingly key European market and we are delighted to be providing infrastructure for the electronic trading of its sovereign debt.
"Our buyside clients are already able to trade Czech Koruna debt through the Request for Quote (RFQ) of BondVision and using our technology, which has been developed by traders for traders, we are confident we will provide the support they need to engage effectively in this market," Jeffery said.
