A market maker is a participant that can trade orders directly for its own account. Market makers must be entities with trading-member status.

The role of market markers is to promote market liquidity by continuously displaying indicative bid/ask spreads for minimum quantities of the stocks they have undertaken to follow.

This makes it easier to trade blocks of shares, for which investors sometimes have difficulty finding a counterparty in the main market.

Market making is a bilateral process involving a market maker and a financial intermediary acting for its client.

Market makers undertake to quote indicative bid/ask spreads for a minimum quantity of shares of their choosing during the following time periods at least:

• 9:00 to 15:30 for auction traded shares
• 9:00 to 17:30 for continuously traded shares

If they wish, market makers can also operate between 7:15 and 9:00 and also from:

• 15:30 to 19:00 for auction traded shares
• 17:30 to 19:00 for continuously traded shares

Market Makers list

Name Contact   Phone Company followed Euroland Finance Nisa Benaddi + 33 1 44 70 20 92 Satimo Sporever CM-CIC Emetteur eynardpa@cmcics.com Patrick Eynard +33 1 40 16 26 75 Société de Bourse Gilbert Dupont SNC www.gilbertdupont.fr Frédéric Anoulies +33 1 40 22 40 08 Maximiles Environnement SA Winterflood Securities Ltd www.wins.co.uk Alexis Johnson +44 207 621 55 27 Powéo