#Israel #Tel Aviv #TASE #market making #Mizrahi Tefahot

Bank Mizrahi Tefahot Launches Tailored Market Making Program

Introduction

In a strategic move to enhance liquidity for its shares, Bank Mizrahi Tefahot has solidified an agreement with the Tel Aviv Stock Exchange (TASE). This initiative comes on the heels of TASE's introduction of a bespoke market making program, tailored to cater to the individual needs of its listed companies, including Bank Mizrahi Tefahot.

The Market Making Initiative

The core aim of this new program is to support the bank's shares, which have demonstrated remarkable liquidity in the market. Over the past year, the average daily trading volume for Bank Mizrahi Tefahot has been around NIS 86 million, showcasing its strong position among TASE securities. The implementation of the market making program is designed to create added value not just for local investors but also for international stakeholders seeking opportunities in a robust Israeli banking sector.

By increasing order book volumes and narrowing the bid-ask spreads, particularly for larger transactions, the program endeavors to lower acquisition costs for shares on the TASE. This, in turn, is expected to make the shares even more attractive to potential investors.

Attracting Investors

The Israeli banking sector is noted for its strong performance and high-quality attributes, which have been drawing attention from both local and foreign invested interests. Bank Mizrahi Tefahot is eager to leverage this growing interest to broaden its investor base. The launch of this dedicated market making program underscores the bank's commitment to enhancing share liquidity and solidifying investor confidence.

As part of this tailored approach, TASE has actively sought proposals from experienced market makers, both domestic and international, who are interested in participating in the program. These market makers will play a crucial role in providing consistent liquidity for Bank Mizrahi Tefahot's shares, ensuring that the bank meets its transaction goals while enhancing trading efficiency.

Management and Performance Monitoring

The overall management of this market making program will be overseen by TASE, in close collaboration with Bank Mizrahi Tefahot. They will establish mutually agreed performance targets and track progress through regular liquidity reports provided by TASE. This cooperative approach aims to foster a sustainable market environment that benefits all parties involved.

Conclusion

Bank Mizrahi Tefahot is setting a precedent by proactively adopting a market making program that not only boosts liquidity but also enhances the overall trading experience for investors. As the deadline for market maker applications approaches on August 28, 2025, there is anticipation around how this initiative will unfold and its potential impact on the bank's market presence. For further details on the market making program designed specifically for Bank Mizrahi Tefahot, interested parties can refer to TASE's official report at their website.

By reinforcing its trading capabilities and seeking innovative approaches to liquidity management, Bank Mizrahi Tefahot is poised to retain a competitive edge within the financial landscape of Israel and beyond.