The purpose of the market making scheme is to improve on-screen price quality in order to build order flow in the central market. Three liquidity provider roles are in place.

Primary Liquidity Provider ("PLP")

The "PLP" Liquidity Provider role provides continuous quotes in a pre-defined number of In The Money and Out Of the Money series (1or 2 ITM and 4 or 8 OTM) and is intended to provide the Paris equity options market with increased quotes to further entrench liquidity

Competitive Market Maker ("CMM")

The "CMM" Liquidity Provider role ensures that in all Paris individual equity options there are continuous quotes in a range of series in the Near The Money Area. CMMs also respond to RFQs.

Responding Market Makers (RMMs)

RMMs respond to RFQs at specified maximum spreads and minimum quote sizes. RMMs must respond to RFQs on equity options on all the expiries up to a horizon of two years on all series and on the first five expiries on all series open for trading on CAC 40® index options.

The “PMM” scheme ensures that CAC40 dividend index future contract is supported by primary market makers providing continuous quotes in five December maturities and in the first calendar spread during the last 10 business days preceding the first month expiry. The PMM scheme is aimed at providing transparency and liquidity such that investors are able to observe bids and offers and are able to deal in small size regularly and at a reasonable bid/offer spread.

The scheme requires the market makers to providing continuous quotes for the first and second maturity as well as the first calendar spread during the last 10 business days preceding the first month expiry.