Saga Capital market maker for Ossur
Wednesday 23. April 2008 12:44
Ossur hf and Saga Capital Investment Bank have signed a market making agreement where Saga Capital acts as market maker for shares issued by Ossur.
This means that Saga Capital will submit daily bid/ask offers for shares in Ossur through NASDAQ OMX, before the market opens each day. The offers are only valid within that day. The purpose of the
agreement is to facilitate trading and improve liquidity in the shares of Ossur on the NASDAQ OMX and to promote efficient and transparent price formation.
The terms of the market making agreement are as follows:
- Saga Capital will submit daily bid and offer quotes for shares in Ossur for a minimum of ISK 200,000 at nominal value at a price determined by Saga Capital.
- Maximum bid/ask spread shall not exceed 1.25 %
- The deviation from the last transaction price shall not exceed 2.0%.
- The maximum obligated total trades per day is ISK 150,000,000 at market value.
The agreement is effective as of today, Tuesday, April 22, 2008.
The terms of the market making agreement are as follows:
- Saga Capital will submit daily bid and offer quotes for shares in Ossur for a minimum of ISK 200,000 at nominal value at a price determined by Saga Capital.
- Maximum bid/ask spread shall not exceed 1.25 %
- The deviation from the last transaction price shall not exceed 2.0%.
- The maximum obligated total trades per day is ISK 150,000,000 at market value.
The agreement is effective as of today, Tuesday, April 22, 2008.