Rules shake-up for Jumbo Pfandbriefe market

The Jumbo Pfandbriefe market has taken an important step in improving liquidity with changes to market-making rules.

Key changes include the increase of the minimum number of market-makers from three to five and minimum trading hours for market-making between 9am and 5pm central European time.

Previous recommendations regarding the minimum tapping size of €125m, the maximum gap of five banking days between pricing date and settlement as well as the minimum bid/offer spreads are now mandatory.

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