Our dispute with the Active Investor continues where he actively claims that any Market Maker for any the exchange can easily leave the market without fulfillingThis is an obligation for two third-party quotes and there is no such regulation where the Market Maker can leave the market only when it is demolished several times in the order book.
I will give an example of the KASE and MICEX exchange below
WHAT I GET ANSWER that these exchanges are forex kitchens))))))
Until recently, NAUFOR combined the functions of a self-regulatory organization of participants in the securities market and an organizer of OTC trading.
But the 1996 Law on the Securities Marketsecurities "and the regulation of the Federal Commission for the Securities Market" On requirements for trade organizers "demanded from the association to separate these areas of activity. The organization of trade in the RTS was transferred to the established “Non-commercial partnership“ Russian trading system ”.
One of the mechanisms to ensure the stabilization and liquidity of the stock market is the institution of market makers.
Market maker is a market participant who is obliged to maintain bilateral quotes for a certain number of shares.
RTS employs 57 market makers withcommitments to offer five bilateral quotations on the list of shares of 37 issuers. Market makers can conclude deals between themselves automatically, that is, simply by pressing a key.