OREANDA-NEWS. Moscow Exchange's FX Market will launch a market maker ranking program on 1 July to boost liquidity of the EURUSD_TOM instrument and long dated USDRUB and EURRUB swaps.

Members are to compete on the quality of their market maker operations, evaluated according to the percentage of time spreads are maintained and trading volumes. The programme provides various approaches for calculating rankings for market makers in swap and spot instruments. The number of instruments included in the programme may be expanded in the event of interest from members.

Participation is based on market maker agreements, and the number of participants is not limited.