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ZagTrader
Liquidity & Surveillance

Market making & surveillance

Run liquidity programs and supervise them on the same platform. ZagTrader manages market-maker obligations through tiered liquidity buckets, monitors presence and spread in real time, tracks violations, and calculates rebates — with dedicated inventory accounts and daily surveillance reporting.

Who 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

What's included

From defining obligations to monitoring, enforcing, and rewarding them — built into the trading platform.

Tiered liquidity buckets
Assign market makers to buckets that define their obligations — daily volume range, maximum spread, presence/continuity, minimum cash, monthly trades, order value and quantity, and the maximum number of trading pairs.
Presence & spread monitoring
Track each market maker's quoting presence and spread compliance against their bucket obligations, in real time and per session.
Violation tracking
Flag breaches automatically — order-spread violations, minimum-order-value violations, and two-sided (not-equal) violations — bucket by bucket.
Rebate calculation
Compute market-making rebates by ticker and date based on obligations met, so incentive programs settle accurately.
Inventory vs trading accounts
Run market making on a dedicated inventory account — separate from normal trading P&L — with custody portfolio synchronization.
Daily P&L & surveillance reporting
Daily P&L, activity and performance reports with liquidity-bucket, presence and violation metrics for desks and regulators.

Supervise liquidity with confidence

Book a demo to see liquidity buckets, presence and spread monitoring, violation tracking, and rebate calculation end to end.

Trusted by 100+ institutions managing over $500B in assets

17+ years in production25+ regulated markets & exchanges5M+ daily transactions

Trusted by leading institutions

Awaed
Emirates Investment Bank
Housing Bank
Dubai Financial Market
ADSS
Abu Dhabi Securities Exchange
Finance House
Tabadul Exchange Hub
Copper
Unibank