Boursa Kuwait hosts second market maker workshop

KUWAIT: Boursa Kuwait has successfully hosted its second Market Maker Workshop in collaboration with global provider of financial technology solutions, FIS and was attended by listed companies and brokers based in Kuwait. The half-day workshop, held at Boursa Kuwait premises, saw FIS present a background on market making, the objectives behind it, the essential instruments and tools needed to apply it, and shed the light on a model of a developed market.

The workshop also included a segment on regional market making review, followed by a session on market making in Kuwait, highlighting key initiatives, rules and guidelines.

Market making in practice was a key portion of the workshop, explaining useful strategies, providing input on revenue model, and risk management in relation to it. This was followed by a Q&A session in which attendees had the opportunity to interact with FIS and Boursa Kuwait representatives. Since the launch of Market Maker earlier this year, Boursa Kuwait has been highlighting its benefits to local market in general, raising key considerations in establishing a market maker scheme, and increasing awareness through sharing case studies from other markets. With market making, Boursa Kuwait have a crucial tool that serves in boosting liquidity of securities listed in the stock market, as well as improving productivity in the market. Boursa Kuwait’s aim is to maintain transparency, provide world class services and products that will position Boursa Kuwait as a leading stock market in the region. To achieve this, they have conducted a series of trainings and awareness workshops providing full details on each to further educate stakeholders on Boursa Kuwait’s products and services. Earlier in November, Boursa Kuwait has successfully hosted its first Market Maker Workshop in collaboration with global management consulting firm, Oliver Wyman.