We are thinking of applying to become a registered market-maker on different European exchanges. The name varies from exchange to exchange (Liquidity provider on Euronext for instance). Could anybody tell me on say Euronext or LSE
- how long does it take
- what are the upsides/downsides
- what are contractual requirements
- do all the market makers on an exchange incur the same cost/reward or is it possible to "bargain" with the exchange.
I know that some exchanges signed special agreements with a few players giving them special fees.