Bahrain Bourse Issues a Consultation Paper on Market Making

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Bahrain Bourse Issues a Consultation Paper on Market Making

Bahrain Bourse announced on Monday, 18th April 2016 the issuance of a consultation paper on Market Making in Bahrain Bourse. The paper was disclosed on the bourse’s website in order to receive the views and opinions of Bahrain Bourse Market Participants, prior to the implementation of the Market Making Rules and Guidelines.

The Chief Executive Officer of Bahrain Bourse Sheikh Khalifa bin Ebrahim Al-Khalifa said that the implementation of the Market Making Rules and Guidelines is considered a milestone in organizing Market Making function at Bahrain Bourse in a professional manner and in accordance to international standards in this area.

“Having qualified market makers will create a continuous balance between supply and demand and will bridge the gap between the buy and sell prices. Market Makers will also make bids and offers for shares available, along with the volumes required for buy and sell and will find the balance price for the security by entering the bids and offers of securities,” Sh. Khalifa added.

Sheikh Khalifa assured that introducing Market Making at the bourse comes in line with BHB Board resolution No.5 of year 2015 that obligates all listed companies to have a minimum free float of 10% of the issued and fully paid shares. The Market Making function will reflect positively on the liquidity at BHB by enhancing the confidence of regional and foreign investors in the market. 

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