PMMI update
Market making for leverage products
In April, BNP Paribas significantly improved its market-making quality. In the PMMI (Payoff Market Making Index) for leverage products, the ranking improved by two positions, returning to third place.
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.