To maintain market liquidity and address the investment needs 

of public investors, market making was introduced in the futures 

market long ago. A designated market maker require to meet 

certain quality criteria and must has good faith to continuously 

provide bid/oer quotes in specied futures contracts, and stand 

ready to buy and sell those contracts on a regular and continuous 

basis at a publicly quoted prices using their house accounts. The 

function of market making is to provide and maintain market 

liquidity at all time when market is open and enhance liquidity of 

all contracts, especially for those that may lack liquidity. As such, 

market making is crucial for newly listed contracts and inactive farmonth contracts.

To ensure the smooth function of the market maker system, 

robust market making laws and regulations are required to dene 

the rights and obligations of market makers. INE has issued the 

Market-Making Management Rules and introduced the marketmaking mechanism for shanghai crude futures.

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