A market maker is an authorized juristic person by TFEX to provide liquidity to the marketplace. To perform their duties, a registered market maker would continuously submit bid/offer pair orders for a given product.
The derivatives products that offer market maker program are:
A corporate client proposed by a TFEX memberto TFEX as a market maker
Qualifications of market maker
Must possess the experience of being a market maker for derivatives trading; or have personnel who possesses credible knowledge and competency to act as a market maker.
Must have sufficient system readiness; or must be able to demonstrate that there is a procedure and readiness to act as a market maker, including risk management policy to deal with potential risk that may arise from the marker maker’s duty.
Must have stable financial status and have no risk that may affect market maker’s duty.