Bank Leumi Joins TASE's Tailor-Made Market-Making Program

Rhea-AI Summary

Bank Leumi, the largest company on TASE by market cap (NIS 95 billion), has joined TASE's tailor-made market-making program, becoming the first bank to appoint market makers for both shares and equity options. The bank has selected Idan Financial Instruments and Proxima Dynamics as designated market makers.

The program requires market makers to maintain a minimum daily volume of NIS 500,000 and a maximum spread of 0.2%. Bank Leumi's share currently has a daily trading volume of NIS 212 million. The program for shares will commence on September 17, 2025, while options trading will begin on November 2, 2025, both running for one year.

Positive

• Unprecedented liquidity levels with minimum daily volume of NIS 500,000 and maximum spread of 0.2%
• First bank to implement market-making for both shares and options, enhancing market accessibility
• Expected reduction in trading costs for investors
• Program will increase appeal to institutional and international investors

Negative

• None.

Idan Financial Instruments of the Barak Capital Group and Proxima Dynamics Selected as Designated Market Makers for Bank Leumi's Shares and Options

Bank Leumi Becomes First to Apply the Market-Making Program to Equity Options 

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

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.

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.

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.

Contact:
Orna Goren
Head of Communication and Public Relations Unit
Tel: +972 76 8160405
tase.ir@tase.co.il

 

View original content:https://www.prnewswire.com/news-releases/bank-leumi-joins-tases-tailor-made-market-making-program-302556239.html

SOURCE The Tel Aviv Stock Exchange Ltd.

FAQ

What is Bank Leumi's current market cap and trading volume on TASE?

Bank Leumi has a market cap of NIS 95 billion and average daily trading volume of NIS 212 million over the past 90 trading days.

When will Bank Leumi's market-making program start on TASE?

The program for shares starts on September 17, 2025, and for options on November 2, 2025, both running for one year.

Who are the designated market makers for Bank Leumi's program?

Idan Financial Instruments of the Barak Capital Group and Proxima Dynamics have been selected as designated market makers.

What are the key requirements for Bank Leumi's market makers under the new program?

Market makers must maintain a minimum daily volume of NIS 500,000 and a maximum spread of 0.2% in the share order book.

How will the market-making program benefit Bank Leumi investors?

The program will enhance share liquidity, reduce trading costs, and increase attractiveness to institutional, international, and retail investors.