Latvian government debt security auctions are taking place on the Nasdaq trading platform.
Only those financial institutions which have signed a primary dealer agreement with the State Treasury are admitted to participate in government debt securities auctions. In the dialogue with investors, the primary dealers have the role of intermediary and market expert. They purchase securities on investors’ behalf in primary placement auctions. Primary dealer functions also include secondary market making and organization.
A Member of Nasdaq Riga may submit an application to the Treasury of becoming a primary dealer after which the Treasury assess the following criteria:
Compliance – whether the candidate is a credit institution and a Member of Nasdaq Riga, and whether the Member complies with all the requirements stipulated in the relevant legal acts;
Quality – assessed with regard to activity in the secondary domestic government debt market, and other aspects.
More information available on the State Treasury website: