Listed Companies Obliged to Designate Market Makers

The Securities and Exchange Organization, the Iranian stock market regulator, has instructed listed companies to designate market makers or else they could be ejected from the market. 
"All listed companies are obliged to designate market makers and if they do not comply they can be delisted or their managers disqualified" Hassan Qalibaf-Asl, managing director of the SEO was quoted as saying by the Securities and Exchange News Agency. 
Market makers, or liquidity providers operate as wholesalers buying and selling securities to balance the market—the prices they set reflect market supply and demand.