In January this year, Oslo Børs introduced an organised scheme for liquidity providers in the Norwegian market. As part of the new arrangements, Oslo Børs announced that companies in the liquidity category OB Standard which appoint a liquidity provider will be automatically included in the liquidity category OB Match. Companies that have now appointed liquidity providers are shown in a separate column in the stock exchange lists.
The main features of the liquidity provider scheme are as follows:
- spread not to exceed 4% of the offer price
- volume quoted in the trading system order book for both bid and offer prices to be at least four round lots
- binding orders to be quoted for at least 85% of the time for which continuous trading takes place during every trading day, except where Oslo Børs approves a temporary exemption from these requirements for specific reasons.
