Trading Hub Europe GmbH (THE) opened a tender process for market-making services to be provided at its virtual trading point (VTP) in the period 1 January 2022 until 1 July 2022, with market participants being asked to submit their bids between 22 November 2021 and 3 December 2021.
THE has accepted the bids with the highest amount of transactions and informed the relevant participants.
„Overall we are satisfied with the results of the tender process. The amount of participants indeed is slightly deceased, but the amount of offered transactions is on a similar level as in former tender processes. As planed, offeres of different particpiants were accepted. We hope to improve liquidity in the futures and forwards markets at the THE VTP“, said Torsten Frank, managing director at THE.