Norwegian Market Maker Obligations

RMM: Obligation to continuously provide bid and ask prices

MM shall, during not less than seventy-five per cent (75%) of the Exchange’s ordinary trading hours per calendar month, continuously quote in fourteen (14) Series for the selected Primary Instruments. The MM undertakes to quote pursuant to the following: Three (3) call option series, three (3) put option series and one (1) futures series regarding the two (2) quoted Expiration Months with the shortest Terms, where the options series with the shortest Term in the respective cases shall be the Series which is at-the-money, the Series which is closest to being in-the-money, and the Series which is closest to being out-of-the-money. In the options series with the second shortest Term in the respective cases, the Series that is at-the-money and the two Series, which are closest to being out-of-the-money, shall be quoted.



AMM: Obligation to continuously provide bid and ask prices

AMM shall, during not less than eighty per cent (80%) of the Exchange’s ordinary trading hours per calendar month, continuously quote in up to forty-five (45) Series for the selected Primary Instruments. The AMM undertakes to quote pursuant to the following: Seven (7) call option series, seven (7) put option series and one (1) futures series regarding the three (3) quoted Expiration Months with the shortest Terms, where the options series with the shortest Term in the respective cases shall be the Series which is at-the-money, the two Series which are closest to being in-the-money, and the four Series which are closest to being out-of-the-money. In the options series with the second and third shortest Terms in the respective cases, the Series that is at the-money, the Series which is closest to being in-the-money, and the five Series which are closest to being out-of-the-money, shall be quoted.

Spread Requirements:
Spread requirements

Evaluation/Follow up:
The above obligations start at the normal start of trading and supervision of the MM’s performance will be carried out continuously and compiled daily. A Market Maker Report is sent daily to the MM by e-mail. Evaluation of the MM performance is performed on a monthly basis.