Cyxone appoints Mangold as market maker
Cyxone AB (publ) announced today that the company has appointed Mangold Fondkommission to provide market making services for the company’s share. The purpose of the market maker is to improve the liquidity of the share and reduce the difference between the buying and selling price. The assignment commences on July 2, 2018.
Mangold will fulfill its assignment as market maker to ensure the possibility of trading in Cyxone’s share every day by continuously placing trading records on each purchase and sales page in the order book. A market maker aims to create a more accurate price picture in a company’s share, which in turn gives a more accurate valuation of the company and allows for an improved trading volume in the share.
Kjell G. Stenberg, CEO of Cyxone, commented, “This market maker is now being implemented to increase liquidity of our stock, which has sometimes been low. We look very favorably on this support measure, which is primarily done to benefit our shareholders through reduced trading risks.”