Thursday July 18 2024
News Source: Global Exchanges
Focus: Derivative Market Segment
Type: General
Country: Israel
On 17th July 2024, the Tel Aviv Stock Exchange (TASE) announced the introduction of a futures market on September 1st, 2024, as part of its efforts to develop the Israeli capital market.
Expanding Trading Options and Liquidity
In line with its strategic plan to increase trading and liquidity, the TASE has appointed the market maker for futures contracts to be launched on three stock indices: the TA-35, TA-90, and TA-Bank-5 indices.
In its role as market maker, Idan Financial Instruments will work to ensure the existence of stable bid and ask quotes and competitive spreads in continuous trading, thus enabling market participants to enjoy greater efficiency and accuracy in futures trading.
Promoting Market Confidence and Reducing Trading Costs
The launch of futures contracts is part of the TASE’s strategic plan to develop the derivatives market, expand the range of financial products offered, and increase trading and liquidity. The presence of a professional market maker will help to increase market confidence, contribute to liquidity, and reduce trading costs for investors.
Click on the above link for further information
