BM&FBOVESPA announced today the winning institutions in the selection process for market makers for equity options on PDGR3, CSNA3 and CYRE3. The market maker obligation shall last twelve (12) months as of April 10, 2013.
Credit Suisse International, Optiver V.O.F and Citadel Securities LLC shall be market makers for options on the stocks of PDG Realty S.A. Empreendimentos e Participações (PDRG3), complying with a maximum volatility spread of BRL 0.03.
In the case of options on the stock of Companhia Siderúrgica Nacional (CSNA3), the selected institutions were Credit Suisse International, Optiver V.O.F and Citadel Securities LLC, complying with a maximum volatility spread of BRL 0.03.
The institutions selected for options on stocks in Cyrela Brasil Realty S.A. Empreendimentos e Participações (CYRE3) were Credit Suisse International, Optiver V.O.F and Citigroup Global Markets Limited, complying with a maximum volatility spread of BRL 0.10.
The selected institutions presented the lowest maximum volatility spreads, which are based on the interval between the bid and offer prices. BM&FBOVESPA’s market maker program seeks to encourage trading in options, raising liquidity in other BOVESPA segment underlying assets than Petrobras and Vale.
