Equity Index Products
There are liquidity provider and 3 types of market makers in the equity index products market:
- Primary Market Maker (PMM); and
- Market maker providing continuous quotes (CQMM); and
- Market maker responding to quote request (QRMM).
For the details of the obligations and incentives of liquidity providers and market makers, please refer webpage.
Below is the list of Short Code for EP of Liquidity Provider, PMM, CQMM and QRMM:
LD - Denotes Liquidity Provider (T Sessions)
LN - Denotes Liquidity Provider (T+1 Sessions)
LB - Denotes Liquidity Provider (T and T+1 Sessions)
P - Denotes PMM
* - Denotes CQMM (T Session)
# - Denotes CQMM (T and T+1 Sessions)
√ - Denotes QRMM (T Session)
@ - Denotes QRMM (T and T+1 Sessions)