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PMMI update

Market making for leverage products

In February, BNP Paribas was able to defend its third place in the PMMI (Payoff Market Making Index), despite the challenges created by heightened market volatility at the beginning of the month.

The Payoff Market Making Index measures the spread (bid ask spread), tradeable volume and quote availability of structured products offered on SIX Swiss Exchange and thus serves as a benchmark for market-making qualities of the individual issuers.
A value above 80 points is considered sufficient, values below 80 points are insufficient.

Graph PMMI February 2026
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