The purpose of the Market Makers is to increase the liquidity of a particular financial instrument so that investors can have more trust to invest in securities.
Market makers for shares
The assignment of a market maker in a particular security is not mandatory, except for the shares listed on the Prime market which do not meet the minimum daily turnover and the average order book depth criteria specified by the Exchange.
The Exchange may grant the status of a market maker in respect of one or more shares to any member firm which meets the criteria stipulated by the CMA; the Rules of The Zagreb Stock Exchange and other regulatory Exchange documents.
Market makers for structured products and ETF units
The issuer of a structured product and ETF units is required to designate a market maker, which must be a member of the Exchange.
The Exchange may grant the status of a market maker in respect of one or more structured product or ETF units to any member firm which meets the criteria stipulated by the CMA; the Rules of The Zagreb Stock Exchange and other regulatory Exchange documents.
The application for authorization to act as a Market Maker is described Market Makers Manual of The Zagreb Stock Exchange.