Which instruments are included in Market Maker Book (MMB)?

Which instruments are included in Market Maker Book (MMB)?

• A. Bonds (non-CHF), ETFs, and commodities futures
• B. Stock indices and currency pairs only
• C. ETFs, ETSFs, ETPs, Bonds (non-CHF), SIX structured products, sponsored segment
• D. Cash deposits and money market instruments

Answer: (C)

Market Maker Book encompasses the instrument types for which SIX requires or supports ongoing liquidity provision by designated market makers. The set that fits this idea includes ETFs, ETSFs, ETPs, Bonds (non-CHF), SIX structured products, and the sponsored segment. These categories represent actively traded, standardized products where market makers are expected to publish continuous bid and ask quotes to keep markets tight and orderly. ETFs, ETSFs and ETPs are liquidity-rich exchange-traded products that investors use for exposure to various assets, and having market makers helps ensure you can buy or sell easily. Bonds denominated in currencies other than CHF expand access to international issuances, again benefiting from liquidity support. SIX structured products and the sponsored segment are designed with market-making obligations to maintain tradability and price discovery for these bespoke instruments. In contrast, cash deposits and money market instruments are typically not traded on the market-maker framework in the same way, and stock indices or currency pairs, as well as commodities futures, do not belong to the Market Maker Book in this context.

Market Maker Book encompasses the instrument types for which SIX requires or supports ongoing liquidity provision by designated market makers. The set that fits this idea includes ETFs, ETSFs, ETPs, Bonds (non-CHF), SIX structured products, and the sponsored segment. These categories represent actively traded, standardized products where market makers are expected to publish continuous bid and ask quotes to keep markets tight and orderly.

ETFs, ETSFs and ETPs are liquidity-rich exchange-traded products that investors use for exposure to various assets, and having market makers helps ensure you can buy or sell easily. Bonds denominated in currencies other than CHF expand access to international issuances, again benefiting from liquidity support. SIX structured products and the sponsored segment are designed with market-making obligations to maintain tradability and price discovery for these bespoke instruments.

In contrast, cash deposits and money market instruments are typically not traded on the market-maker framework in the same way, and stock indices or currency pairs, as well as commodities futures, do not belong to the Market Maker Book in this context.