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

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
[email protected]

SOURCE The Tel Aviv Stock Exchange Ltd.