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Eimskip – Market making agreement with Arion
Globenewswire· 2026-03-05 09:25
Core Viewpoint - Eimskipafélag Íslands hf. has established a market-making agreement with Arion Bank to enhance liquidity and price formation for its shares on Nasdaq Iceland [1] Group 1: Agreement Details - Arion Bank will provide daily bid and ask offers for a minimum of 30,000 shares of Eimskipafélag Íslands hf. [2] - The bid-ask spread for 28,500 shares will aim for a spread close to 1.5%, not lower than 1.45%, while the spread for 1,500 shares will not exceed 1.50% [2] - Arion Bank can offer narrower spreads under certain conditions as per the Nasdaq Iceland tick-size table [2] Group 2: Trading Conditions - If Arion Bank trades 240,000 shares or more in a single day, the maximum bid-ask spread obligations will not apply for the rest of that day [3] - In cases where the share price moves more than 5% during the trading day, Arion Bank can double the specified spreads, and if the movement exceeds 10%, the spreads can be tripled [3] Group 3: Agreement Duration - The market-making agreement is effective from March 5, 2026, and is open-ended, allowing either party to terminate it with 14 days' notice [4]
Festi hf.: Renewal of market making agreement with Arion Banki hf.
Globenewswire· 2026-01-22 17:43
Group 1 - Festi has entered into a new market making agreement with Arion Banki to promote trading in its shares listed on Nasdaq Iceland [1] - The new agreement replaces a previous one announced on 29 June 2023 [1] - The purpose of the market making arrangement is to support market price formation and ensure efficient and transparent price discovery [1] Group 2 - Under the agreement, Arion Banki will submit bid and offer quotes for a minimum of 100,000 shares each trading day [2] - The bid-ask spread for 90,000 shares will aim for a spread close to 1.5%, not lower than 1.45%, while the spread for 10,000 shares will not exceed 1.50% [2] - Arion Banki may submit quotes with a narrower spread under special circumstances [2] Group 3 - If Arion Banki trades shares with an aggregate market value of ISK 80,000,000 on the same trading day, the maximum bid-ask spread obligations will not apply [3] - The bank is allowed to double the spreads if the price change exceeds 5% and triple them if the price change exceeds 10% during a trading day [3] Group 4 - The agreement is for an indefinite term and takes effect on 26 January 2026, with a termination notice period of 14 days [4]
X @Solana
Solana· 2025-11-17 19:32
RT Brian (@brian_smith_0)Internet capital markets means you can trade anything on SOL. This requires liquidity for perps, stocks, tokens, etc. Today, market making on SOL is hardImproving Solana's market structure is the biggest single unlock for ICM ...
Market making for RIKS 29 0917 begins
Globenewswire· 2025-07-07 15:31
Group 1 - The market making for RIKS 29 0917 will commence on July 9, 2025, following the switch auction held on July 4, 2025 [1] - Primary dealers are required to submit bids and offers for a minimum nominal value of 100 million kr. in the series [1] - Repo facilities for each primary dealer will be set at 2 billion kr. nominal value starting from the same date [1]