MANAMA: As part of Bahrain Bourse’s (BHB) efforts to develop the capital market in the Kingdom of Bahrain and enhance market liquidity, Bahrain Bourse announced that it has approved Q Market Makers LLC (‘QMM’) as an External Market Maker.
This strategic addition expands the exchange’s market depth and liquidity, providing investors with increased trading opportunities and tighter spreads.
“We are pleased to welcome QMM as an External Market Maker at Bahrain Bourse. Their participation strengthens our commitment to delivering new services for market participants to enhance market liquidity and achieve supply/demand balance,” Shaikh Khalifa bin Ebrahim Al-Khalifa, CEO of Bahrain Bourse, said.
“QMM brings a wealth of experience and expertise to Bahrain Bourse, further enhancing the exchange’s ability to facilitate efficient and transparent trading. As a leading provider of market making services, QMM will contribute to the overall market quality and investor confidence,” Shaikh Khalifa, added.
“We are pleased to have received approval from Central Bank of Bahrain and Bahrain Bourse to operate as an External Market Maker. This milestone represents an exciting opportunity for QMM to contribute to the growth and development of Bahrain’s capital markets by enhancing liquidity and providing investors with tighter spreads and better trading opportunities. Our team is committed to leveraging our extensive expertise and innovative strategies to support the Bourse’s vision, and its issuers of delivering a more efficient, transparent, and dynamic marketplace for all participants,” Magdi Shannon, CEO of QMM, said.
It is worth noting that Bahrain Bourse adopted a new set of Market Making regulation by introducing new Market Making Guidelines and simultaneously repurposing its existing Market Making regulation to exclusively regulate Liquidity Provision in July 2024. The guidelines aim to regulate market making and liquidity provision in line with international best practices and standards, as well as distinguish between the role of Market Makers and Liquidity Providers.
