FTSE MIB Specialist SCHEME
Features and Application form
Mar 06 2013 - 11:15
Borsa Italiana offers member firms with the ability to apply as FTSE MIB Specialist on the shares included in the Italian flagship benchmark.
The scheme provides the following quoting obligations:
- Display bids and offers continuously on the trading book, in own account and during the continuous trading phase only
- Minimum quantity for the order (multiplier*EMS) = 0.4*EMS
- Maximum spread = 0.30%
- Refill bids and offers within 5 minutes of the conclusion of a contract as a result of their execution in the electronic system
- Performance indicator: at least 90%