Morgan Stanley to act as market maker for 16 securities listed on Saudi Exchange

 Morgan Stanley (NYSE:MS) has bagged the Saudi Exchange Company's approval to act as a market maker for 16 listed securities on the main and parallel markets of the Tadawul.

Market makers are firms or individuals who actively quote both sides of a market in a particular security by providing bids and offers along with the market size of each.

They are obligated to engage in such trading activity, and provide liquidity and depth to markets and profit from the difference in the bid-ask spread, noted Investopedia.

List of securities can be found here.

Morgan Stanley's market making activities for the 16 securities are expected to commence on Tuesday, Sep. 2.

https://www.msn.com/en-us/money/other/morgan-stanley-to-act-as-market-maker-for-16-securities-listed-on-saudi-exchange/ar-AA1LEtBb