Meitav Market Making and Migdal Market Making Selected as Designated Market Makers for Bank Mizrahi Tefahot Share in TASE's Tailor-Made Market Making Program

TASE (TASE: TVAVF) has announced the selection of Meitav Market Making and Migdal Market Making as designated market makers for Bank Mizrahi Tefahot shares.

Rhea-AI Summary

TASE (TASE: TVAVF) has announced the selection of Meitav Market Making and Migdal Market Making as designated market makers for Bank Mizrahi Tefahot shares. This follows the bank's entry into TASE's tailor-made market making program in August 2025.

The market makers will be required to maintain continuous quotes with a minimum volume of NIS 400,000 and a maximum spread of 0.25%. The program aims to enhance liquidity for Bank Mizrahi Tefahot shares, which currently have an average daily trading volume of NIS 111 million over the last 90 days.

The program will commence on September 7, 2025, and run for one year, focusing on improving trading efficiency and attracting both institutional and international investors.

Positive

• Implementation of market making program expected to enhance share liquidity
• Reduction in trading costs through narrower bid-ask spreads
• Potential to attract more institutional and international investors
• Already strong daily trading volume of NIS 111 million demonstrates market interest

Negative

• None.

Argus Sep 2 session

-6.16% close to close Open Argus

Details

News Market Reaction – TVAVF

On Sep 2, the day this news came out, TVAVF closed 6.16% below the previous close.

Data tracked by StockTitan Argus for the Sep 2 session.

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The market making in Bank Mizrahi Tefahot share will enhance liquidity, reduce trading costs and attract greater interest from both institutional and international investors

TEL AVIV, Israel, Sept. 2, 2025 /PRNewswire/ -- TASE (TASE: TASE) announces today the selection of two leading financial entities – Meitav Market Making and Migdal Market Making as designated market makers for Bank Mizrahi Tefahot share. This follows Bank Mizrahi Tefahot recent entry into the TASE's innovative tailor-made market making program in August, which allows public companies to choose a dedicated market-making model suited to their specific needs.

With an average daily volume of close to NIS 111 million over the last 90 days, Bank Mizrahi Tefahot's shares are highly liquid. The adoption of this program is aimed at generating value and providing enhanced tools for both local and international investors in the share, as well as reducing the cost of acquiring the share on TASE. This will be achieved by increasing quoted volumes in the order book and narrowing bid-ask spreads, particularly for larger quantities, beyond current levels.

The two financial entities appointed as market makers will be required to continuously quote every day in Bank Mizrahi Tefahot order book, maintaining a minimum volume of NIS 400 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 Mizrahi Tefahot 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 September 7, 2025, and will run for one year.

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the purpose of TASE's market making program for Bank Mizrahi Tefahot shares?

The program aims to enhance liquidity, reduce trading costs, and attract greater interest from institutional and international investors by maintaining continuous quotes with specific volume and spread requirements.

Who are the designated market makers for Bank Mizrahi Tefahot shares?

Meitav Market Making and Migdal Market Making have been selected as the designated market makers for Bank Mizrahi Tefahot shares on TASE.

What are the specific requirements for market makers under this program?

Market makers must maintain continuous daily quotes with a minimum volume of NIS 400,000 and a maximum spread of 0.25%.

When does the TASE market making program for Bank Mizrahi Tefahot begin?

The program is scheduled to begin on September 7, 2025 and will run for one year.

What is the current trading volume for Bank Mizrahi Tefahot shares?

Bank Mizrahi Tefahot shares have an average daily trading volume of NIS 111 million over the last 90 days.