Lago Kapital secures another user of its liquidity solution
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Lago Kapital secures another user of its liquidity solution 30 September 2019Helsinki Reporter: Maddie Saghir
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Boutique securities lending firm Lago Kapital has secured another user of its automated liquidity providing service, following the signing of a market-making agreement with IT service management company Siili Solutions.
Lago Kapital will make a bid and offer for Siili Solutions Corporate shares with a maximum difference of 4 percent calculated from the bid price. Offers will include a minimum number of shares equivalent to €3,000.
The market-making agreement aims at increasing the share's liquidity and decreasing the share price volatility in order to facilitate trading for private investors.
The agreement meets the requirements of Nasdaq Helsinki Liquidity Providing.
Of the agreement, Siili Solutions said that Lago Kapital will make a bid and offer for the Siili Solutions Corporation share on the Exchange Trading System on each Exchange Day at least 85 percent of the time of continuous trading.”
The market guarantee under the agreement will begin on 1 October, and the contract is valid for three months and will then continue for one month’s notice.
This latest mandate win comes only a week after Lago signed a similar agreement with Northern European conglomerate Aspo, which will switch from its current liquidity provider, Nordea Bank on 21 October.
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