The exit of one of these five or six may or may not adversely affect market liquidity, depending on the reason for the exit and on the way in which other dealers react. If a dealer is forced to exit because of a credit problem unrelated to its options dealing, other dealers are likely to take its place quickly.
In the financial market, the overnight call rate rose in response to the decision at the Monetary Policy Meeting held on 11 August to change the guideline for money market operations,3 and is generally moving around 0.25%. The amount of funds outstanding in the call money market has increased.