To improve liquidity in financial derivatives markets, market makers have been introduced for CFFEX’s CGB futures and equity index options products. Market makers are required to provide continuous quotes and respond to quote requests for different products. Upon fulfillment of obligations, market makers are granted certain fee rebates. The introduction of market makers has narrowed bid-ask spreads, increased market depth and thus enhanced the stability of relevant markets.

List of Market Makers for CGB Futures

China Merchants Securities Co., Ltd

Orient Securities Co., Ltd

Tianfeng Securities Co., Ltd

Sinolink Securities Co., Ltd

CITIC Securities Co., Ltd

China Galaxy Securities Co., Ltd

Huatai Securities Co., Ltd

Shenwan Hongyuan Securities Co., Ltd