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Quálitas Controladora signs market maker agreement with Casa de Bolsa Santander

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Quálitas Controladora signs market maker agreement with Casa de Bolsa Santander

Quálitas Controladora SAB de CV said Aug. 8 that it signed a market maker services contract with Casa de Bolsa Santander SA de CV, effective Aug. 17.

The Mexican firm, which trades its shares on Mexico's BMV, currently has a market maker services contract with UBS Casa de Bolsa SA de CV, though that is set to end on Aug. 16. In a statement, Quálitas Controladora thanked UBS Casa de Bolsa "for its support and collaboration for more than three years."

Market makers typically provide liquidity for shares by establishing a reference price and providing continuous trade.