Saudi bourse to launch market-making mechanism soon, says CEO

02/05/2018 Argaam

Khalid Abdullah Al Hussan, Chief Executive Officer of Saudi Stock Exchange (Tadawul) told Argaam that his company is conducting final testing of the market making mechanism.

 

"We are launching the market making mechanism soon. We are conducting final testing."

 

He said the mechanism will be applicable to Parallel Market (Nomu) and fixed income markets (bonds and sukuk) first, then the Main Market (TASI).

 

Khalid Abdullah Al Hussan was speaking to Argaam on the sidelines of Euromoney Saudi Arabia conference currently held in Riyadh.

 

"We are also working on the regulatory and technical framework. Once it is set, we are confident, there will be no conflict of interests. Tadawul will regulate the entire process." 

 

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