Skip to main content
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
Finstreet
Oman Investment Bank
Boursa Kuwait