Tadawul permits Merrill Lynch KSA to conduct market-making activities on Aramco

18/03/2024 Argaam
Logo ofSaudi Arabian Oil Co. (Saudi Aramco)

Logo of Saudi Arabian Oil Co. (Saudi Aramco)

The Saudi Exchange Co. (Tadawul) approved Merrill Lynch KSA’s application for conducting market-making activities on Saudi Arabian Oil Co. (Saudi Aramco) as the first international market maker as of March 19, 2024.

 

The market maker obligations on Saudi Aramco are as follows:

 

- Minimum Presence of Orders: 80%

- Minimum Size: 500,000 SAR

- Maximum Spread: 0.30%

 

Merrill Lynch KSA will be conducting market-making activities as defined in the market making regulations and procedures, Tadawul said in a statement.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.