With the Tel Aviv Stock Exchange (TASE) transitioning to a Monday–Friday trading week - aligning with global markets and recognizing the importance of liquidity for international investors - TASE continues to streamline the capital market and adapt it to international standards.
The Exchange is announcing an expansion of its programs to encourage trading and liquidity in the derivatives market, specifically focusing on Futures on leading stock indices.
Strategy and Vision
Following the September 2024 launch of futures trading on leading indices, TASE is now broadening its liquidity incentive program. This expansion includes significant resource allocation, the addition of market makers, and the launch of new products.
The development of a dynamic and diverse capital market is a core pillar of TASE's strategic plan. As futures are a globally recognized tool for exposure and risk management, TASE is committed to meeting international standards and making these products accessible and liquid for all market participants.
Key Highlights of the New Program
The new program is designed to bolster existing liquidity through market-making expansion, financial incentives, and new product offerings, with a primary focus on TA-35 Index Futures.
- Expanded Market Making: Adding more market makers and encouraging competition to better serve a wider client base.
- New Product Launch: Introduction of futures contracts on the TA-125 Index.
- Financial Incentives: Allocation of an annual budget for market maker compensation, alongside a separate Volume Rebate program for TA-35 index futures.
- Competitive Selection: Market makers will be selected through a competitive process to ensure the highest quality proposals.
- Rewards for Compliance: Market makers meeting quoting requirements will be eligible for fee rebates and a fixed monthly stipend.
Call for Proposals
TASE invites capital market participants to take part in the development of Israel’s derivatives market.
For further details regarding the program and the submission process, please contact Alon Dangot at the Trading, Derivatives, and Indices Department:
- Phone: +972-76-8160356
- Email: tradingmethods@tase.co.il
Additional Information: Encouraging Liquidity in Futures Contracts
