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Nordic Equity Derivatives

Market Making

As a member at Nasdaq Derivatives Market there is a possibility to become a Market Maker in listed series on all Nordic markets.

As a member at Nasdaq Derivatives Market there is a possibility to become a Market Maker in listed series on all Nordic markets.

The purpose of the Market Maker program is to maintain a high level of order book liquidity in options and futures on Nordic shares and indices.

A Market Maker agrees to provide quotes on its Market Maker account regarding various exchange listed instruments in accordance with an agreement between the member and the exchange (Market Maker Agreement). In exchange the Market Maker receives a number of benefits such as Market Maker fees and multi-quote functionality.

When a Market Maker Agreement is signed, an appendix needs to be signed for each market segment (Swedish, Danish, Finnish and Norwegian) where the member wishes to become a Market Maker. Separate appendices needs to be signed depending on whether the member wishes to become a Market Maker on Monthly and/or Weekly Options.

Market Making Benefits

As a Market Maker at Nasdaq Derivatives Markets the member will receive benefits such as;

  • Market Maker fees according to the Market Maker Fee List.
  • Instantaneous placement/removal of quotes (two-sided prices) is a function reserved for Market Makers. 
  • Market Maker Protection functionality. 

For further information regarding Market Maker types, fees and obligations see the Market Maker Fee List and relevant agreements/appendices.

Agreement & Appendicies

The main agreement Appendix 8 - Market Maker Agreement is available in the Derivative Rules.
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