EFG Hermes launches market-making and liquidity services on ADX

The firm will place orders in selected securities; no exchange-wide liquidity or cost impact was measured.

EFG Hermes launches market-making and liquidity services on ADX

The firm will place orders in selected securities; no exchange-wide liquidity or cost impact was measured.

EFG Hermes UAE announced the launch of market-making and liquidity-provision services on the Abu Dhabi Securities Exchange. The firm said it will place buy and sell orders in selected ADX-listed securities under exchange rules and regulatory requirements. ADX’s Chief Exchange Operations Officer welcomed the firm to its market-maker network, saying such services support liquidity and trading activity. The announcement describes a launched service, not a measured change in exchange-wide liquidity or trading costs.

Emirates News Agency (WAM)