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7UP 46.00 0.00    ABCTRANS 0.50 0.00    ACCESS 6.86 0.06    AFROMEDIA 0.50 0.00    AGLEVENT 1.38 0.00    AIICO 0.50 0.00    AIRSERVICE 1.55 -0.08    ALEX 10.60 0.00    ASHAKACEM 10.25 -0.25    BAGCO 1.64 0.07    BERGER 8.26 -0.43    BOCGAS 6.83 0.00    CADBURY 9.02 0.00    CAP 14.40 0.62    CAPHOTEL 6.78 0.00    CCNN 4.60 0.00    CHAMPION 3.46 -0.18    CHEVRON 43.39 0.00    CILEASING 0.50 0.00    CONOIL 25.27 -1.33    CONTINSURE 0.75 -0.02    CUSTODYINS 1.45 -0.05    CUTIX 1.32 -0.06    DAARCOMM 0.50 0.00    DANGCEM 105.49 -4.51    DANGFLOUR 4.37 0.10    DANGSUGAR 3.78 0.14    DIAMONDBNK 2.40 0.00    DUNLOP 0.50 0.00    EKOCORP 5.05 0.00    ENAMELWA 36.19 0.00    ETERNAOIL 4.12 0.00    ETI 10.30 0.05    EVANSMED 0.58 0.00    FCMB 4.20 0.05    FIDELITYBK 1.37 0.01    FIDSON 0.71 0.03    FIRSTBANK 11.50 0.13    FLOURMILL 53.20 0.00    FO 10.10 0.00    GLAXOSMITH 22.00 0.00    GNI 0.50 0.00    GOLDINSURE 0.59 0.02    GTASSURE 1.29 0.06    GUARANTY 14.10 0.08    GUINEAINS 0.50 0.00    GUINNESS 221.00 0.00    HONYFLOUR 2.33 0.00    IBTC 7.15 0.04    IKEJAHOTEL 1.38 0.06    INTBREW 5.70 0.00    INTENEGINS 0.50 0.00    JAPAULOIL 0.74 0.00    JBERGER 20.91 -1.10    LASACO 0.50 0.00    LAWUNION 0.50 0.00    LINKASSURE 0.50 0.00    LIVESTOCK 0.93 0.04    LONGMAN 2.81 0.00    MAYBAKER 2.75 0.05    MBENEFIT 0.50 0.00    MOBIL 133.00 0.00    MORISON 7.77 0.00    NAHCO 7.27 -0.38    NASCON 3.65 -0.18    NB 98.00 -0.10    NCR 9.75 0.00    NEIMETH 0.98 0.00    NEM 0.50 0.00    NESTLE 441.00 0.00    NEWGOLD 2693.00 17.00    NIGERINS 0.50 0.00    NIWICABLE 0.50 0.00    OANDO 19.49 0.34    OASISINS 0.50 0.00    OKOMUOIL 21.89 0.00    PRESCO 8.89 0.00    PRESTIGE 0.67 -0.03    PZ 26.00 -0.90    REDSTAREX 2.43 0.00    RESORTSAL 0.50 0.00    RTBRISCOE 1.20 0.00    SCOA 5.52 0.00    SKYEBANK 3.81 0.06    STARCOMMS 0.50 0.00    STERLNBANK 1.01 0.04    TOTAL 171.48 0.00    TRANSCORP 0.50 0.00    UAC-PROP 11.50 0.00    UACN 30.00 0.00    UBA 2.17 0.10    UBN 7.81 0.00    UNIC 0.50 0.00    UNILEVER 28.42 0.47    UNITYBNK 0.50 0.00    UNIVINSURE 0.50 0.00    UPL 3.21 0.00    UTC 0.50 0.00    VITAFOAM 3.46 0.16    VONO 2.88 0.00    WAPCO 42.60 -1.40    WAPIC 0.50 -0.02    WEMABANK 0.50 0.00    ZENITHBANK 12.50 0.17   
Skip Navigation LinksHome > Products > Equities > Market Makers > Overview

Overview

A market maker is classified as any Dealing Member (a member company who has been granted license by The Exchange as a dealer in securities), who has an undertaking and has been appointed by The Nigerian Stock Exchange, to enhance the market liquidity of a particular security in accordance with the Rules.
 
Types of market makers include:
·         Primary Market Maker: Is any market maker who has been appointed by the Nigerian Stock Exchange as the foremost liquidity provider of a particular security and has undertaken to assume the role.
·         Supplemental Market Makers: Is any market maker who is appointed to act as a supplementary liquidity provider.

The primary responsibilities of a Market Maker, is to maintain a fair and orderly market, in their individual securities of responsibility and generally, to make a positive contribution to the operation of the market. Each Market Maker must ensure that, trading for the Market Maker's own account is:
 
- Practical under the circumstances
- Consistent with just and equitable principles of trading
- Not damaging to the integrity of the Exchange or the market.
 
Market making involves the act of entering bid and offer prices in the ATS, for a Specified Security (a security specified by The Exchange as available for market making), based on the requirements stipulated by the Exchange.

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