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Liquidity schemes
Liquidity Provider scheme for the Brussels derivatives market

In 2006, a new market model was implemented for the Belgian options market. This improved market model provides a new liquidity provider system and is based on the Amsterdam scheme.

There are two types of liquidity providers: primary market makers (PMM) and competitive market makers (CMM). PMMs have obligations relating to all series in every class to which they are assigned, while the obligations of CMMs relate to only a limited number of series in each assigned class. At present, CMM roles are only available in the BEL20® index option.

The table below lists several documents relating to the liquidity scheme in Brussels.

Documents for Brussels Liquidity Provider Scheme
Date Title Description
02/11/2009 Current size and spreads obligations for Liquidity Providers 
08/03/2010 Current Liquidity Providers 
Brussels II items
Date Title Description
31/03/2009 ELPS Brussels II document (April 2009) 
31/03/2009 Selection procedure ELPS Brussels II (April 2009) 
25/09/2008 ELPS Brussels II document (October 2008) 
25/09/2008 Selection procedure ELPS Brussels II (October 2008) 
Liquidity Providers Application Forms
Date Title Description
22/04/2008 Application form for PMM (Brussels market) 
22/04/2008 Application form for CMM (Brussels market) 
30/09/2009 LP-ITM form 
 For more information, please contact:
 Quality of Derivatives Market Department
Tel: +31 (0)20 550 5110
E-mail: qualityofderivativemarkets@liffe.com