NetConnect Germany GmbH & Co. KG (NCG) opened a tender process for market-making services to be provided at its virtual trading point (VTP) for the period 1 January 2020, 6 am until 1 July 2020, 6 am, with market participants being asked to submit their bids between 18 November 2019, 12:00 hours and 29 November 2019, 12:00 hours. The aim is to further improve liquidity in the futures and forwards markets at the NCG VTP.
For the calender year 2019 NCG already contracted market-making services. Due to the gained experiences, the contractual agreement was amended marginally. The contractual agreement as well as further information regarding the tender process are available for download here.
NCG accepted bids by 6 December 2019, 12 noon, in each base by countersigning the signed aggreement submitted.
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.