Erste Securities will sign a contract with the Zagreb Stock Exchange on Monday to act as a specialist for the shares of Atlantic Group, thus becoming the first specialist/market maker, or “market maintainer” in terms of the provisions of the Capital Market Act.
A market maker is a bank, brokerage house, or other financial institution that is always ready to buy shares at the bid price and sell them at the ask price.
Thus, Erste Securities will accept the obligation of continuously displaying buy and sell orders for Atlantic Group shares within the spread and time determined by the contract with the Zagreb Stock Exchange, and the Atlantic stock will become the first Croatian stock to receive liquidity support from a specialist. (H)
