The Tel Aviv Stock Exchange (TASE: TASE) announced the launch of futures contracts on three leading indices: the TA-35, TA-90, and TA Banks-5. These new contracts are designed to provide investors with a more efficient and flexible way to trade the Israeli market.
"Idan Financial Instruments" will lead the trading in futures contracts as the first appointed market maker. The company will ensure liquidity and trade volume in this market through competitive bid-ask quotes throughout the trading day, with a total amount of approximately NIS 1 million for each contract. This is aimed at enabling investors to benefit from reduced trading costs, increased efficiency, higher accuracy and enhanced market liquidity and trade volume.
Trading hours for futures contracts will be extended compared to the stock market, allowing investors to respond during both the pre-opening phase and after the closing auction. Futures trading will commence daily at 9:45 AM and conclude at 5:35 PM from Monday to Thursday and at 4:00 PM on Sundays.
The launch of futures contracts is part of TASE's strategic plan to develop a dynamic and diverse capital market. These futures contracts add to the existing various of financial products and offer investors the opportunity to tailor their investment strategies to their specific needs and goals.
For more information on the futures: https://www.tase.co.il/en/content/knowledge_center/futures_contracts
