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SFE Bulletin No: 112/02: SFE Announces An Official Market Maker For MLA/SFE Cattle Futures

Date 24/10/2002

As part of the continuing initiative to develop the MLA/ SFE Cattle Futures market, SFE is pleased to announce the appointment of the first Official Market Maker in the MLA/ SFE Cattle Futures market. The Market Maker will trade through Tricom Futures.

SFE believes that the presence of Official Market Makers will significantly improve price discovery, liquidity and market integrity in the MLA/ SFE Cattle Futures contracts and play an important role in the further development of the market.

Overview of Commitments

The Official Market Maker is committed to:

  • Provide a two-way price for five (5) lots, with a maximum bid/ offer spread of $0.10, in the spot and spot + 1 month.
  • Provide a two-way price for two (2) lots, with a maximum bid/ offer spread of $0.20, in the remaining 7 contract months.
  • Respond to a Request For Quotes (RFQs) in all contract months on a best endeavours basis.
For further details on the Official Market Maker commitments, please refer to Appendix One.

The full text of the SFE Bulletin and Appendix One can be accessed by clicking here.