DekaBank Deutsche Girozentrale and Carr Futures SNC have begun live trading over the Eurex Bonds electronic dealing system.
A total of 23 participants are now active on the platform, which offers trading and clearing of German government bonds as well as in issues of the KfW (Kreditanstalt für Wiederaufbau), the European Investment Bank, individual German states and Jumbo Pfandbriefe.
The exchange says trading activity by its market participants increased by more than 100% in March 2003 compared with the year before, with average daily volumes of EUR800 million.
Further banks have submitted letters of intent for connection to the platform and are now in the simulation phase, says Eurex.