A bond exchange designed to attract investors to the 10 EU accession states has traded more than €1.1bn ($1.4bn) worth of bonds since setting up two months ago.

The exchange, called NewEuroMTS, is a new market for trading euro-denominated government securities of ten of the European countries due to join the EU in May. It is operated by EuroMTS, the Milan-based bank-to-bank electronic network that operates across Europe.