Liquidity Provider Programmes

Euronext has a range of Liquidity Provider programmes for its derivatives products across all of its markets. These programmes are tailored specifically to the needs of each market to ensure greater liquidity and tighter prices on screen.

In general, five different Liquidity Provider roles can be identified:

  • Primary Market Maker (PMM)
    Obligation to quote all series for all designated maturities in a contract.
  • Primary Liquidity Provider (PLP):
    Obligation to quote a pre-defined number of series In and Out of The Money for all designated maturities in a contract.
  • Competitive Market Maker (CMM) and Extra Competitive Market Maker (CMX):
    Obligation to quote a number of series within the Near The Money Area in a contract.
  • Responding Market Maker (RMM):
    Obligation to respond to RFQs for all designated maturities in a contract.
  • Designated Market Maker (DMM):
    Obligation to quote certain maturities within a contract.

Please find below the relevant documentation on the specific Liquidity Provider programmes or go directly to the Liquidity Provider Forms section where you can find the necessary documents to apply for a specific role.

Euronext Liquidity Provider Programmes - Application and Setup Forms