Innovative Market Making Program Launched by Bank Hapoalim to Enhance Share Liquidity

Bank Hapoalim Launches Tailor-Made Market Making Program

In a significant move for investors and stakeholders, Bank Hapoalim has entered into an agreement with the Tel Aviv Stock Exchange (TASE) to implement a customized market making program for its shares. This innovative initiative, designed to enhance liquidity, represents a proactive effort to adapt to the needs of both local and international investors.

With an impressive average daily trading volume nearing NIS 130 million over the last year, Bank Hapoalim's shares have consistently ranked among the most liquid in the TASE. The newly adopted market making program aims to create increased value for investors, reduce associated costs, and provide enhanced trading tools that cater specifically to the demands of the market.

The primary goal of this initiative is to broaden the investor base for Bank Hapoalim, encouraging participation through improved trading conditions. By increasing quoted volumes and narrowing bid-ask spreads—particularly for larger trades—Bank Hapoalim is setting the stage for a more robust investment environment.

Tailor-Made Features and Coordination

This market making program is tailored specifically for Bank Hapoalim's unique characteristics and market presence. TASE has issued a call for proposals from experienced liquidity providers, both local and international, who are interested in being appointed as market makers for the bank's shares. This step represents TASE’s commitment to fostering an attractive trading environment for listed companies that fits their specific requirements.

Bank Hapoalim’s management believes that the continued strong performance of the Israeli banking sector, coupled with the bank's own high-quality attributes, is attracting increasing attention from investors. By adopting this market making program, Bank Hapoalim is not only enhancing liquidity but also positioning itself as a leader in investor relations among financial institutions in Israel.

Expectations and Impact

Under this program, TASE will assume the role of overseeing the market making initiatives, ensuring they align with mutually agreed objectives alongside Bank Hapoalim. The exchange will maintain regular communication and provide reports on the program's effectiveness, enabling the bank to adjust strategies in real-time if necessary.

Given the competitive landscape of banking and finance, initiatives like this are crucial for maintaining investor interest. Market makers play a vital role in ensuring that shares are readily available for trade, which in turn benefits both the bank and its shareholders.

As the program launches, both parties anticipate that this venture will lead to a more dynamic market for Bank Hapoalim's shares, fostering greater confidence among investors and subsequently enhancing the overall liquidity of the bank’s equities.

Conclusion

The deadline for market maker applications is set for May 15, 2025, as TASE moves forward with this exciting new program. For more detailed information and regular updates regarding the tailor-made market making program for Bank Hapoalim, interested parties are encouraged to visit the TASE official website. This program marks a pivotal step in establishing a more resilient, accessible, and appealing market for stakeholders across the board.

As companies continue to innovate in trading practices, Bank Hapoalim’s initiative is a promising development in the financial services sector.