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Dealers call for urgent shake-up in government bond trading

EuroMTS, the government bond trading platform, faces calls from bond brokers to end the rule making it compulsory for them to list prices for more than five hours a day.

The pressure comes in the wake of Citigroup's €15bn ($18bn) trade earlier this month when it sold €11bn of European government bonds on the MTS system and within minutes bought back €4bn at cheaper prices to make an estimated profit of €10m to €25m.

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