- Meitav Market Making and Idan Financial Instruments of the Barak Capital Group Selected as Designated Market Makers for Bank Hapoalim’s Share in TASE’s Tailor-Made Market Making Program The market making in Poalim share will enhance liquidity, reduce trading costs and attract greater interest from both institutional and international investors
TASE announces today the selection of two leading financial entities - Meitav Market Making and Idan Financial Instruments of the Barak Capital Group as designated market makers for Bank Hapoalim’s share. This follows Bank Hapoalim's recent entry into the TASE's innovative tailor-made market making program in April, which allows public companies to choose a dedicated market-making model suited to their specific needs. This pioneering move by Bank Hapoalim, as the first company in the TA-35 index to join this program, reflects the innovative thinking, foresight, and deep understanding of the capital market of the bank's management, aimed at boosting the liquidity and accessibility of its share and strengthening its position among local and international investors.
The two financial entities appointed as market makers will be required to continuously quote every day in Bank Hapoalim's order book, maintaining a minimum volume of NIS 350 thousand and a maximum spread of 0.25%. These parameters are expected to significantly enhance current liquidity levels, reduce transaction costs for investors, and increase the attractiveness of the share for both institutional and international players.
Bank Hapoalim is the first bank to implement this program, and TASE expects to see additional companies launch their own tailor-made programs in the near future.
Bank Hapoalim’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 is set to commence on June 18, 2025, and will run for one year.
