Business
Bank Leumi Joins TASE's Tailor-Made Market-Making Program
TASE (TASE: 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.
About this update from Tel Aviv Stock Exchange Ltd.
[{"type":"text","content":"Idan Financial Instruments of the Barak Capital Group and Proxima Dynamics Selected as Designated Market Makers for Bank Leumi's Shares and Options ","length":151,"tagName":"p","attribs":{}},{"type":"text","content":"Bank Leumi Becomes First to Apply the Market-Making Program to Equity Options ","length":77,"tagName":"p","attribs":{}},{"type":"text","content":"As the largest company on TASE by market cap, Bank Leumi's new market-making program for both its shares and options will enhance its appeal to institutional, international and retail investors while reducing trading costs","length":226,"tagName":"p","attribs":{}},{"type":"text","content":"TEL AVIV, Israel, Sept. 15, 2025 /PRNewswire/ -- TASE (TASE: 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.","length":426,"tagName":"p"},{"type":"text","content":"TASE also reports that Bank Leumi has selected 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.","length":494,"tagName":"p"},{"type":"text","content":"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.","length":185,"tagName":"p"},{"type":"text","content":"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.","length":414,"...