Saudi Exchange Welcomes Merrill Lynch to List of Market Makers

Merrill Lynch has become the latest market maker to be added to the Saudi Exchange, with the addition marking the fourth market maker onboarded since July 2023. According to a story in The Trade news, Merrill Lynch also becomes the first international market maker to conduct market making activities on Saudi equities. Over the past year, Saudi Exchange has seen a number of key developments within its franchise. Elsewhere, single stock options (SSOs) contracts at Saudi Exchange became available to trade as of November 27, enabling both local and international investors to hedge and manage portfolio risks effectively.