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General considerations
Market Maker on Futures
Market Maker on Spot
Admission procedures
Products and Market Makers on Sibex Market

 

Futures contracts on which SSIF is Market Maker SSIF Market Maker
Underlying asset Dow Jones Industrial AverageSM

DEDJIA
-
Underlying asset gold ounce, contract Ron denominated
( 1 gold ounce= 31,1034768 grammes Gold purity 995)

GOLD
-
Underlying asset the ratio between the Euro and the US dollar,
contract Ron denominated

EUUSR
-
Underlying asset Light Sweet Crude Oil

OILSC
-
Underlying asset the ratio between GBP and US dollar, contract Ron denominated

GBUSR
-
Underlying asset the ratio between EURO and JPY, contract Ron denominated

EUJPR
-
Underlying asset the shares of the company APPLE INC

USAPL
-
Underlying asset the shares of the company FACEBOOK INC

USFCB
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Underlying asset the shares of the company GOOGLE INC

USGGL
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Underlying asset the shares of the company McDonald's Corporation

USMCD
-
Underlying asset the shares of the company VISA INC

USVSA
-
Underlying asset the shares of the company ADIDAS AG

DEADD
-
Underlying asset the shares of the company BAYER AG

DEBAY
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Underlying asset the shares of the company BAYERISCHE MOTOREN WERKE AG

DEBMW
-
Underlying asset the shares of the company DEUTSCHE BANK AG

DEDBK
-
Underlying asset the shares of the company E.ON AG

DEEON
-

What means to be a Market Maker on SIBEX market?

To be a Market Maker on SIBEX market means to quote permanently the bid and ask on trading session, for a certain contract and maturity, at a minimum quantity and maximum spread.

The “fast market” situation is an exception of this rule, where the price variations or volatility on short period of time can reach high values (for example reaching the maximum limit of daily variation on futures market or publishing some information which is meant to influence the price in a short period of time).

The minimum quantity that must be placed on the market when buying or selling and the maximum spread are established by SIBEX. For example the Market Maker on futures contract EUR/RON with the maturity on 3 months must quote the bid and ask for minimum 25 contracts at a maximum spread of 0,0300 lei between bid and ask.

Who can become a Market Maker?

All the intermediaries who are authorized by SIBEX to trade in house on SIBEX regulated markets can become Market Makers. The Market Making activity will take place on the intermediary house account.

What means to have a Market Maker on SIBEX market?

For investors (intra-day speculators and scalpers) the advantage of having a Maker Maker is that he permanently assures the quantity, the bid and ask, reducing significantly the counter party and market risk. Thus the speculations can be performed daily even on the markets where there is no such a high liquidity.

Why is it so important to be a Market Maker on SIBEX futures market?

The Market Maker facility beside the permanent quotes it offers, is also the fact he will benefit by reduced commision SIBEX and RCH ( 0.08 SIBEX and 0.01 ASF ).