Platform · Trading
Market making: run liquidity programmes and supervise them in real time
Set market-maker obligations through tiered liquidity buckets, monitor presence and spread live, track violations and calculate rebates, on the same platform that runs the market.
In short
ZagTrader lets exchanges and market operators run market-maker programmes and supervise them on the trading platform: obligations are set through tiered liquidity buckets, presence and spread are monitored in real time, violations are flagged and rebates are calculated from obligations met. Market makers trade from dedicated inventory accounts, with daily P&L and surveillance reporting for desks and regulators.
- Obligations
- Tiered liquidity buckets
- Monitoring
- Presence and spread, in real time
- Delivered to
- Boursa Kuwait: surveillance and reporting
What exchanges supervising liquidity ask first
How obligations are set, checked, enforced and rewarded.
Obligations set by bucket
Volume range, maximum spread, presence, minimum cash, order size and trading pairs, defined per liquidity bucket.
See exchange solutionsPresence and spread, live
Each market maker's quoting presence and spread compliance tracked in real time and per session.
See market dataViolations flagged automatically
Order-spread breaches, orders below minimum value and unequal two-sided quotes, bucket by bucket.
See risk and surveillanceRebates that tie to the trades
Rebates calculated by ticker and date from obligations met, so incentive programmes settle accurately.
See fees and commissionsSeparate inventory accounts
Market making on a dedicated inventory account, apart from trading P&L, with custody portfolios kept in sync.
See custody and back officeDelivered to exchanges
Boursa Kuwait uses ZagTrader technology for market-making surveillance and reporting.
Read the Boursa Kuwait storyWho it's for
- Exchanges running market-maker programs
- Market makers and liquidity providers
- Brokers with market-making desks
- Market operators supervising liquidity obligations
What it solves
- Manual, spreadsheet-based monitoring of market-maker obligations
- No real-time view of presence, spread, and continuity compliance
- Rebate and violation calculations that don't tie back to the trades
Built on the ZagTrader platform
What's included
From defining obligations to monitoring, enforcing, and rewarding them, all built into the trading platform.
Delivered to exchanges
Market-making surveillance, reporting and simulation, delivered to exchanges.
KuwaitMarket-making surveillance and reporting for Boursa Kuwait
Boursa Kuwait runs a market-making surveillance and reporting system on ZagTrader technology, plus a market game and simulation system.
Read the Boursa Kuwait story
UAEMarket simulation and managed member connectivity
ADX runs a market game and simulation system on ZagTrader technology, and its members get direct connectivity and a managed OMS via ZagFN.
Read the Abu Dhabi Securities Exchange (ADX) storyFrequently asked questions
What can a liquidity bucket require of a market maker?
Each bucket defines the obligations of the market makers assigned to it: daily volume range, maximum spread, presence and continuity, minimum cash, monthly trades, order value and quantity, and the maximum number of trading pairs.
Which violations are tracked?
Order-spread breaches, orders below the minimum value, and unequal two-sided quotes are flagged automatically, bucket by bucket, alongside real-time presence and spread monitoring.
How are rebates and P&L reported?
Rebates are computed by ticker and date from the obligations each market maker met. Daily P&L, activity and performance reports carry liquidity-bucket, presence and violation metrics for desks and regulators.
Which exchanges use it?
Boursa Kuwait uses ZagTrader technology for market-making surveillance and reporting, together with a market game and simulation system.
Supervise your market-making programme
Book a demo to see liquidity buckets, presence and spread monitoring, violation tracking, and rebate calculation end to end.
100+ institutions run on ZagTrader technology, with $500B+ in client assets on the platform
Institutions that run on ZagTrader technology
