TASE announced Bank Leumi’s participation in its tailor-made market-making program. The Bank will be the first bank to appoint market makers for both its shares and the listed Leumi equity options. This innovative move will help develop Israel's derivatives market and increase its accessibility to investors, aligning it with international practices.
TASE also reports that Bank Leumi has selscted two leading financial institutions - Idan Financial Instruments of the Barak Capital Group and Proxima Dynamics, as designated market makers for Bank Leumi’s tailor-made market-making program. The initiative brings together two prominent financial institutions, introducing Proxima as the newest addition to the existing six other market makers, with 7 financial institutions now active in TASE’s various liquidity enhancement initiatives.
Bank Leumi's share is the most liquid on the TASE and boasts the highest market cap, at NIS 95 billion, with a daily trading volume of NIS 212 million over the past 90 trading days.
TASE's innovative tailor-made market-making program allows public companies to choose a dedicated market-making model suited to their specific needs. The Bank has elected to apply this program to both its shares and the listed Leumi equity, aiming to generate value for both local and international investors by increasing quoted volumes in the order book and narrowing quotation spreads beyond current levels.
The two financial entities appointed as market makers will be required to quote daily in Bank Leumi's share order book, maintaining a minimum volume of NIS 500 thousand and a maximum spread of 0.2%. These liquidity levels are unprecedented on TASE. These quotes are expected to significantly enhance the share’s liquidity levels, reduce acquisition and selling costs for investors, and increase the attractiveness of Bank Leumi’s share for institutional and international players as well as for the general public.
TASE's pioneering tailor-made market-making model is proving to be a success: by incentivizing market makers to compete on trading volumes, the program ensures their high commitment, resulting in a significant boost to the liquidity of participating shares.
Bank Leumi’s tailor-made market-making program will be managed by TASE in full coordination with the Bank in accordance with mutually agreed targets.
The program for Bank Leumi’s shares is set to commence on September 17, 2025, and will run for one year.
The program for Bank Leumi’s stock options is set to commence on November 2, 2025, and will also run for one year.
