London, 2016-05-27 15:31 CEST (GLOBE NEWSWIRE) --
NASDAQ NLX Market Memo: 001-16
Issue Date: 27 May 2016
Effective Date: 1 June 2016
Appointment of Designated Market Makers in the NLX Futures Products
Pursuant to Market Notice 003-16 issued on 9th May 2016, inviting tenders for Designated Market Maker status in the NLX STIR and LTIR Futures, this Market Memo confirms the appointment of the approved Designated Market Makers, subject to completion of the legal contracts.
The Market Making program will be in effect for a period of 6 months from Wednesday 1st June 2016, until close of business on Wednesday 30th November 2016.
The Market Makers are required to:
· Make continuous symmetrical quotes in the Central Order Book (COB)
· In a minimum volume
· With bid and ask prices within a maximum spread
· For the majority of the normal trading session:
Euribor, Schatz, Bobl, Bund 07:00 – 18:00; Sterling 07:30 – 18:00 and Gilts 08:00 – 18:00
The details of each Designated Market Maker’s commitments are included in the attached PDF.
For further information in relation to this NASDAQ NLX Memo, please contact:
Vishal Mewasingh:
Tel: +44 (0) 203 753 2125
Email: Vishal.Mewasingh@nlx.co.uk
Alex Reynolds
Tel: +44 (0) 203 753 2126
Email: Alex.Reynolds@nlx.co.uk
