Introduction
The London Stock Exchange Larger Size Market Maker initiative is part of the Exchange’s continuing efforts to improve our markets’ depth and liquidity.
The voluntary scheme means participating Market Makers are obliged to make prices in larger sizes with tighter spreads in non FTSE 350 equity securities, increasing flow liquidity and flow for Market Makers and reducing the cost of trading for brokers.
For full terms of the scheme follow this link for the Service Description (PDF 78Kb)
The below firms are classified as London Stock Exchange Larger Size Market Makers
Click here to view the Larger Size Market Makers and their details.
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ABN AMRO BANK NV |
ABNV |
|
ALTIUM CAPITAL LD** |
ALTI |
|
EVOLUTION SECURITIES LIMITED** |
EVO |
|
INVESTEC BANK (UK) LD |
INV. |
|
J P MORGAN SECS LD** |
JPMS |
|
LANDSBANKI SECURITIES (UK) LIMITED |
LAND |
|
MERRILL LYNCH INTL** |
MLSB |
|
NUMIS SECURITIES LD |
NUMS |
|
PIPER JAFFRAY LIMITED** |
PIPR |
|
ROYAL BANK OF CANADA EUROPE LD** |
RBCE |
|
SEYMOUR PIERCE LD |
SEYP |
|
UBS INVESTMENT BANK |
UBS. |
** Member Firms have opted to be bound by screen price and size off book for all the SSMM and AMSM securities it is registered in.
Click here for an overview of Larger Size Market Maker requirements, performance statistics and benefits of the scheme.
How to join
Market Makers wishing to join the scheme should contact their account manager at the Exchange or speak to Kara Hyne from our product management team on +44 (0)20 7797 1608 or email khyne@londonstockexchange.com
Alternatively they can fill in the below application letter, print on letterhead paper and return by mail.
Larger Size Market Maker Application Letter (MS Word 21Kb)