Market-making arrangements at the virtual trading point

NetConnect Germany GmbH & Co. KG (NCG) opened a tender process for market-making services to be provided at its virtual trading point (VTP) in the calendar year 2019, with market participants being asked to submit their bids between 19 November 2018, 12:00 hours and 30 November 2018, 12:00 hours. The market-making services requested involve the execution of a binding number of buy and/or sell transactions by market participants, which distinguishes the model implemented by NCG from traditional market-making arrangements. The aim is to further improve liquidity in the futures and forwards markets at the NCG VTP.

In order to ensure close engagement with potential bidders in designing the contractual arrangements and administrative product details, NCG had given interested market participants an opportunity to share their views on the draft contract during a consultation conducted between 12 September 2018 and 4 October 2018. The draft contract has been revised by NCG based on the responses received, in which market participants generally welcomed NCG’s market-making initiative.

The final contractual framework is provided for download below. 


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