Market Makers
Market Making figures
The liquidity of Exchange traded funds (continuous quoting prices and narrow bid-ask spreads) are guaranteed by the presence on the trading platform of three market making schemes:
Market Maker scheme (MMS): members which receive a discount on their executed orders, provided that on the instrument(s) they are registered as an MMS, if they respect quoting obligations set by Borsa Italiana (max spread and minimum countervalue) for the 80% of trading time (auction phases included). The presence of almost one MMS is mandatory to list an ETF and also during all the live of the instrument.
Market maker agreement (MMA): provides liquidity by placing comparable competitive bid and/or ask orders on their own account, which respect a maximum spread and minimum countervalue. There may be unlimited MMA per instrument.
Please find below the list of Market Makers on ETFplus market:
https://live.euronext.com/sites/default/files/statistics/cash/lp/lpfile.xlsx