Between June 3, 2024, 12 noon and June 17, 2024, 12 noon, Trading Hub Europe GmbH (THE) issued a tender for the provision of market maker services at the Virtual Trading Point (VTP) for the period July 1, 2024, 6 a.m. and July 1, 2025, 6 a.m.
The aim of the tender for market maker services is to increase liquidity on the derivatives market at the VTP.
Following the conclusion of the tender, THE accepted the offers with the highest number of transactions and informed the providers accordingly. Overall, the tender was significantly oversubscribed.
"We are very satisfied with the result of the tender. As planned, eight offers from different providers were accepted," says Dr. Sebastian Kemper, Managing Director of THE. The remuneration amounts to at least EUR 100,000 in each case, with the providers with the highest and second-highest number of transactions receiving an additional EUR 150,000 and EUR 50,000 respectively.
The contract for the provision of market maker services and further information on the tender are available here.