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Market Making

SIX Swiss Exchange employs at least one market maker for each ETP, thus ensuring market liquidity.

The market makers in question are specialist companies which participate on the Swiss Exchange and provide binding buy and sell prices. They undertake to comply with the following requirements:

  • To provide bid/ask prices for minimum amounts
  • To avoid prices which exceed the maximum spread

These requirements apply on a monthly basis during 90% of the official trading hours of SIX Swiss Exchange. To ensure high quality, SIX Swiss Exchange monitors every trade for adherence to these requirements.

  1. Where trading in at least 50% of the underlyings has been opened on the domestic market, or where a functioning OTC market exists, the market maker shall provide bid and ask prices with a maximum trading spread of 2%; or
  2. where trading in at least 50% of the underlyings has not been opened on the domestic market, or where no functioning OTC market exists, the market maker shall provide bid and ask prices with a maximum trading spread of 5%.

The minimum volume on either side shall be EUR 50'000.