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MAE-4.6.2

A licensed exchangeG or licensed market operatorG must formulate its own objective eligibility criteria for registration of market makerG . The criteria, at the minimum, must include;

(a) Capital requirement;
(b) Infrastructure requirements;
(c) Trading and market makingG experience;
(d) Business continuity arrangements;
(e) Risk management policy including settlement guarantee mechanism;
(f) Rights and obligations of the market makerG including quoting obligations, inventory size, order type and minimum order size; and
(g) Terms and conditions under which market making may be terminated;
Added: January 2019
 Versions
(1 Version)
 
Jan 1 2019 onwards
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