Latest news with #marketmaking
Argaam
02-07-2025
- Business
- Argaam
Morgan Stanley Saudi Arabia to act as market maker for 38 Nomu stocks
The Saudi Exchange (Tadawul) approved today, July 2, Morgan Stanley Saudi Arabia's request to conduct market-making activities on 38 companies listed on the Nomu-Parallel Market, starting July 3. Tadawul noted that Morgan Stanley Saudi Arabia will adhere to the existing market-making rules and procedures. The Tadawul-listed companies are Bank AlJazira, BSF, Arab National Bank (ANB), Saudi Steel Pipe, Seera Group Holding, Al Mawarid Manpower, SABIC Agri-Nutrients, Marafiq, Saudi Arabian Amiantit, Tanmiah Food, United Electronics, United International Holding, Red Sea International, CATRION, National Agricultural Development, Allied Cooperative Insurance Group, Anaam International Holding Group, Al-Rajhi Company for Cooperative Insurance, and CHUBB Arabia Cooperative Insurance. In Nomu, the companies under coverage are Arabian United Float Glass, Arabian Plastic Industrial, Al-Razi Medical, Sama Healthy Water Factory, Qomel, Sure Global Tech, Academy of Learning, Watani Iron Steel, Ghida Alsultan for Fast Food, Tam Development, Yaqeen Capital, Lana Medical, Al-Modawat Specialized Medical, Enma AlRawabi, Mohammed Hasan AlNaqool Sons, Balady Poultry, Alfakhera for Mens Tailoring, and Arabica Star .
Arab News
01-07-2025
- Business
- Arab News
Morgan Stanley Saudi Arabia to act as market maker for 52 companies: Tadawul
RIYADH: Morgan Stanley Saudi Arabia has been approved to conduct market-making activities for 52 companies listed on the Kingdom's stock exchange, according to a statement on Tadawul. The US-based multinational investment banking company's applications are set to cover securities on the main and parallel markets, commencing on July 1. Market makers are exchange members responsible for maintaining liquidity in listed securities by continuously posting buy and sell quotes during the market open session. They must adhere to market-making obligations set by Tadawul, which include requirements such as maximum spread, minimum order size, presence time, and daily traded value. Among the securities listed on the main index, Morgan Stanley Saudi Arabia will act as a market maker for Riyad Bank, where it will ensure a minimum presence of orders at 80 percent, maintain a size of SR250,000 ($66,660), and adhere to a maximum spread of 0.65 percent, with the lowest value traded of 5 percent. It will also provide services for Saudi Awwal Bank, ensuring a minimum presence of orders of 80 percent, a minimum order size of SR250,000, a maximum spread of 0.65 percent, and a value traded of at least 5 percent. Saudi Arabian Mining Co., Astra Industrial Group, and Etihad Etisalat Co. are also among the companies where those requirements will be met, along with Al Rajhi Bank, Saudi Arabian Oil Co., and Saudi Telecom Co. Additionally, a range of firms will be subject to a minimum order presence of 80 percent, a minimum order size of SR150,000, and a maximum bid-ask spread of 0.65 percent, without any minimum value traded requirement. These include ACWA Power Co., Saudi Electricity Co., and Ades Holding Co. Morgan Stanley Saudi Arabia will also cover several other securities on the main market, ensuring a minimum presence of orders at 50 percent, maintaining a minimum size of SR75,000, and a maximum spread of 2 percent. On Nomu, the firm is responsible for guaranteeing a minimum presence of orders at 50 percent, maintaining a minimum size of SR50,000, and adhering to a maximum spread of 5 percent, with no minimum value traded requirements for a range of companies, including, Waja Co., Jana Medical Co., and Purity for Information Technology Co. Morgan Stanley Saudi Arabia's participation in market making is expected to contribute to greater liquidity and a more efficient trading environment, reinforcing the development of the country's capital market. Tadawul approved a similar move for the investment bank in March, where it served as a market maker for eight separate securities listed on both Saudi indices. Morgan Stanley entered the Saudi market in 2007 and has since set up its regional headquarters in Riyadh in November as part of a program launched by the Kingdom to provide businesses with a range of incentives, such as a 30-year exemption from corporate income tax, withholding tax on headquarters operations, and access to discounts and support services.
Bloomberg
29-06-2025
- Business
- Bloomberg
Optiver Moves to New Sydney Office In Search of Trading Edge
Optiver, part of a coterie of high-speed trading firms benefiting from a booming market-making industry, shifted the final batch of its 460-strong local staff into a five-floor glossy Sydney office on Monday. The firm, founded in Amsterdam by trader Johann Kaemingk, is expanding its capabilities in artificial intelligence and machine learning to sharpen trading strategies, said Darcy Harding, the company's co-head of index options.
Yahoo
20-06-2025
- Business
- Yahoo
Morgan Stanley to Exit U.S. Options Market-Making Business
Morgan Stanley MS is planning to shut its automated market-making business that specializes in electronic market-making for U.S. stock options. The news was reported by Bloomberg, citing sources familiar with the matter. The unit had been part of the MS efforts to execute options trades electronically and pay retail brokers for order flow. Morgan Stanley is winding down its options market-making operations, stepping back from a sector increasingly dominated by high-speed trading firms. The decision marks a strategic exit from a business where electronic execution and payment for order flow had been central. Despite significant growth in U.S. derivatives activity, traditional banks like Morgan Stanley face increasing challenges competing with proprietary trading firms such as Citadel Securities and IMC Trading. These firms leverage superior speed, scale, and technology while operating under lighter regulatory burdens. Once among the few major banks still paying for options order flow, Morgan Stanley's exit plan reflects the structural challenges faced by traditional market participants when competing with companies optimized for speed, scalability, and technological sophistication, often under less stringent regulatory regimes. Shares of MS have rallied 37.7% compared with the industry's 29.8% growth in the past year. Image Source: Zacks Investment Research Currently, Morgan Stanley carries a Zacks Rank #3 (Hold). A couple of other noteworthy banks include Affiliated Managers (AMG) and Evercore Inc. (EVR). The Zacks Consensus Estimate for AMG has remained unchanged for 2025 over the past week. Its stock has risen 17.5% in the past six months. AMG currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Similarly, earnings estimates for EVR have also remained unchanged for the current year in the last week. Shares of EVR have gained 26.7% over the past year. The stock presently carries a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Morgan Stanley (MS) : Free Stock Analysis Report Evercore Inc (EVR) : Free Stock Analysis Report Affiliated Managers Group, Inc. (AMG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-06-2025
- Business
- Yahoo
Morgan Stanley to Shutter Electronic Equity Market-Making Unit
(Bloomberg) -- Morgan Stanley is shuttering a unit focused on electronic market-making for US equity options, retreating from a corner of the derivatives landscape that's grown increasingly popular with retail investors, even as trading volumes boom. Security Concerns Hit Some of the World's 'Most Livable Cities' JFK AirTrain Cuts Fares 50% This Summer to Lure Riders Off Roads How E-Scooters Conquered (Most of) Europe Taser-Maker Axon Triggers a NIMBY Backlash in its Hometown NYC Congestion Toll Cuts Manhattan Gridlock by 25%, RPA Reports The business, known internally as automated market-making, is being closed, according to two people familiar with the matter, who asked not to be identified because the information is confidential. While US derivatives activity has surged, the space has come to be dominated by proprietary firms like Citadel Securities and IMC Trading BV. The exit underscores how traditional players have struggled to keep pace with businesses natively built for speed and scale, aided by specialized technology and fewer regulatory constraints. A spokesperson for Morgan Stanley declined to comment. The firm has been the last major bank still in the business of paying retail brokers for options order flow, something that's now largely the preserve of high-frequency trading institutions. In one indication of its share of that market, Morgan Stanley accounted for 6.4% of such payments among market makers in the first quarter, Bloomberg Intelligence's analysis of regulatory filings show. The top four firms, led by Citadel Securities, were all principally proprietary firms. Morgan Stanley is working to place some employees from the unit in other roles at the firm, people familiar with the matter said. --With assistance from Alexandra Semenova. Ken Griffin on Trump, Harvard and Why Novice Investors Won't Beat the Pros Is Mark Cuban the Loudmouth Billionaire that Democrats Need for 2028? How a Tiny Middleman Could Access Two-Factor Login Codes From Tech Giants The US Has More Copper Than China But No Way to Refine All of It Can 'MAMUWT' Be to Musk What 'TACO' Is to Trump? ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
