On this website we use technical cookies and, subject to your prior consent, third party profiling cookies in order to propose to you advertising and services in line with your preferences. For additional information please visit our cookies policy page. Clicking on “Continue” or browsing this website you will consent to the use of such cookies.   

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:

Official specialist: provides liquidity by placing compulsory comparable bid and ask orders which respect a maxmium spread (percentage distance between bid and ask price) and a minimum countervalue. There can only be one Specialist for each ETF, ETC/ETN. The specialist is to be appointed by the relevant issuer.

Advanced Liquidity Provider: 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 ADLPs per instrument. An entity can freely apply to be an ADLP for any instrument.

MiFID II Market Maker: 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 MiFID II Market Makers per instrument.

For more info please refer to the sections at the top of the page or download our Guide for Market Makers on ETFPlus:

 

(pdffile pdf - 343 KB)


The Exchange accepts no responsability for the content of the website you are now accessing or for any reliance placed by you or any person on the information contained on it.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.


You will be redirected in five seconds.