PMMI update
Market making for leverage products
In the period from September 2, 2024, to September 26, 2024, BNP Paribas again improved slightly in terms of market making quality and maintained its fourth place in the PMMI (Payoff Market Making Index) for leverage products.
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.