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Quantitative Finance · Glossaire

Qu'est-ce que « Designated market maker and supplemental liquidity provider » ?

Aussi appelé : designated market maker · supplemental liquidity provider

Definition 29.4 Markets I: The Ecosystem and Exchange-Traded Markets · Chapitre 29 — Getting Access: Equity Markets

A designated market maker is the member assigned to a listed security with obligations to maintain a fair and orderly market in it, including its opening and closing auctions, in return for information and allocation privileges. A supplemental liquidity provider is a member that commits to quoting assigned securities competitively for a minimum share of the day, in return for enhanced rebates, without the designated maker’s other duties.

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