Standard model
Issuer
›Sponsor
›Market Maker
›IDSX market
MARKET PARTICIPANTS
Market Maker
Provide continuous quotes and support market liquidity
Market Makers are important participants in the IDSX market. By providing continuous two-sided quotes, they can support liquidity, improve execution and contribute to orderly markets.
MARKET MAKING FRAMEWORK
Market making framework
Market Makers support continuous and orderly trading under arrangements approved by IDSX.
Integrated arrangement (where permitted)
Issuer
›Sponsor / Market Maker
›IDSX market
* Roles and appointment terms depend on the security and applicable IDSX rules.
MARKET MAKER RESPONSIBILITIES
Market Maker responsibilities
Market Makers are expected to follow IDSX rules and applicable law and to act fairly, carefully and transparently.
Continuous quoting
Maintain two-sided quotes during appointed periods and meet applicable minimum quote-size and maximum-spread parameters.
Fair dealing
Do not engage in deceptive quoting, manipulative trading or other improper conduct.
Risk management
Maintain effective controls, position limits, and operational resilience.
Information controls
Meet applicable disclosure duties and do not trade using material non-public information.
Records and supervision
Keep quote, order, trade and risk records available for IDSX review.
EXPLORE MARKET MAKER
Explore Market Maker
Choose a topic to learn more about the role, eligibility and application process.
01
What is a Market Maker?
A Market Maker is recognized by IDSX to provide two-sided quotes in specified securities. Subject to applicable rules and appointment terms, Market Makers support trading continuity, contribute to price discovery and help investors access a more orderly market.
Learn more 02Market Maker responsibilities
Market Makers are expected to follow IDSX rules and applicable law and to act fairly, carefully and transparently.
Read the Rulebook 03Who can become a Market Maker?
An organization applying for IDSX Market Maker status should meet the following baseline requirements:
Eligibility criteria 04How to apply
The application process typically includes these steps:
Apply to become a Market MakerFOR DIFFERENT NEEDS
Different visitors, different starting points
Market Makers are important participants in the IDSX market. By providing continuous two-sided quotes, they can support liquidity, improve execution and contribute to orderly markets.
FOR ISSUERS
I am an Issuer
Learn how market making can support the trading of your securities.
Learn more →FOR INSTITUTIONSWe are an institution
Review the role, eligibility and operational requirements for your institution.
Eligibility criteria →Eligibility criteria
- Be a duly constituted entity with a sound business reputation
- Have securities trading, market making or relevant financial-market experience
- Maintain suitable trading, risk-control and technology systems
- Have adequate capital and operational resilience for the proposed activity
- Maintain an appropriately experienced quoting team
Application process: The application process typically includes these steps:
RULES & RESOURCES
Rules & resources
Related information
Market Maker RulesFormal rules, quoting duties and ongoing requirements.Trading RulesOrders, matching and market operation.Participant RulesAdmission, supervision and conduct requirements.Application GuideApplication information and process.Fee ScheduleApplication, access and ongoing participation fees.
JOIN OUR MARKET
Be part of the IDSX market
Help build a more liquid, efficient and trusted digital securities market.
Development & Regulatory Notice
IDSX is currently in the planning, technology development and regulatory preparation stage. This website is a demonstration environment. Securities, prices, trading data and market activity are illustrative only and do not represent actual listings, trading or market operations. IDSX has not commenced any regulated financial product market operations. Any future market operation will be subject to applicable legal, regulatory, licensing and approval requirements.