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"content": "We are also moving to strengthen both the primary and secondary markets for Government securities which constitute a major component of our capital markets. This will include: introducing electronic bond auctions which will spare investors from the current manual process of submitting paper bids, separating the retail and the wholesale component of the market, introducing primary dealers and market dealers and establishing an efficient horizontal repo market. In addition, with volatility in interest rates having been tamed, we shall now proceed with the M-Akiba Government Bond, the world first purely mobile phone based Government security."
}