Between 18 November,2019 and 29 November, 2019 NetConnect Germany GmbH & Co. KG (NCG) has opened a tender process for market-making services to be provided at its VTP for the period 1 January 2020, 6 am and 1 July 2020, 6 am.
After completion of the tender process NCG accepted the offers with the highest amount of transactions and informed the corresponding providers. „Overall we are satisfied with the results of the tender. The amount of partipipants submitting bids is at a level comparable to the previous year. As planned five offers of different suppliers were accepted. We hope that the liquidity in the futures and forward markets at the NCG VTP will be further improved“, said Torsten Frank, managing director of NCG.
For the second half of the year 2020 NCG will conduct a tender process for market-making services as well. The tender process will likely be executed in May 2020.