Tuesday February 14 2017
News Source: Global Exchanges
Focus: Trading Rules
Type: General
Country: Bahrain
Link: http://www.bahrainbourse.com/bahrain-bourse-approves-market-making-guidelines
Bahrain Bourse (BHB) has issued Resolution No. (2) for 2017 regarding the adoption of Market Making Guidelines in Bahrain Bourse, that will commence on Wednesday, March 1, 2017.
The Guidelines include the operational and technical requirements that market makers should comply with when carrying out their responsibilities with regard to making bid and offer quotations, ensuring continuous liquidity on a specified security or many securities in accordance with the conditions and the requirements stated in the Guidelines. The Guidelines also include technical and price requirements in the buy and sell orders announced by the market maker during the main trading session.
Additionally, the Guidelines highlight the mandatory procedures to be followed by a market maker to apply to the exercise of market-making in the bourse. Legal, administrative, financial, technical and accounting requirements that must be met when submitting applications, as well as the need to meet the Capital Adequacy requirements are clarified in the Guidelines.
Click on the link above for further details.