Article summary
The Board of the International Organization of Securities Commissions (IOSCO) has published a report which investigates how liquidity provision has evolved in equity securities markets in recent years. The report, entitled ‘Liquidity Provision in the Secondary Markets for Equity Securities’, was based on a survey of regulatory authorities, trading venues and market intermediaries, and identifies key elements of market making programs that may help to ‘promote the provision of liquidity, strengthen investor confidence and foster fair and efficient markets’.
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