Blackrock Silver Corp. Engages ICP Securities for Automated Market Making Services
Vancouver, British Columbia – In a recent press release, Blackrock Silver Corp. (TSXV: BRC) (OTCQX: BKRRF) (FSE: AHZ0) (“Blackrock” or the “Company”) announced that it has engaged the services of ICP Securities Inc. (“ICP”) to provide automated market making services. This agreement will include the use of ICP’s proprietary algorithm, ICP Premium™, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable securities legislation.
What are Market Making Services?
Market making is a service provided by brokerage firms to maintain a stable market for a particular security. Market makers act as buyers and sellers for that security, ensuring there is always a bid and ask price available. This helps to increase liquidity and reduce the spread between bid and ask prices, making it easier for investors to buy and sell.
Why Did Blackrock Silver Corp. Engage ICP Securities?
By engaging ICP Securities for market making services, Blackrock Silver Corp. aims to improve the liquidity of its shares and reduce the spread between bid and ask prices. This can make it easier for investors to buy and sell the stock, potentially increasing the number of investors interested in the company.
Terms of the Agreement
Pursuant to the market-making agreement entered into between the Company and ICP (“the Agreement”), ICP will receive a fee of C$7,500 (plus applicable taxes) per month, payable monthly in advance (“the Service Fee”). This fee will cover the cost of providing the market making services and the use of ICP Premium™.
Impact on Blackrock Silver Corp.
For Blackrock Silver Corp., the engagement of ICP Securities for market making services could lead to increased liquidity and a narrower bid-ask spread, making it easier for investors to buy and sell the stock. This could potentially lead to increased investor interest in the company and potentially higher stock prices.
Impact on the World
The engagement of ICP Securities by Blackrock Silver Corp. is not expected to have a significant impact on the world at large. However, it is an example of how companies can use market making services to improve the liquidity of their shares and potentially increase investor interest.
Conclusion
Blackrock Silver Corp.’s engagement of ICP Securities for market making services is a strategic move to improve the liquidity of its shares and potentially increase investor interest. The use of ICP Premium™ is expected to help maintain a stable market for the company’s stock and reduce the spread between bid and ask prices. While the impact on the world may be minimal, this is an example of how market making services can benefit individual companies and their investors.
- Blackrock Silver Corp. engages ICP Securities for market making services
- Use of ICP Premium™ to maintain stable market for stock
- Potential for increased liquidity and investor interest
- Monthly fee of C$7,500 for services
