In 2003, the TACT system was adapted to the integration of market makers. The objective of market makers is to provide liquidity for securities, in order to facilitate buying and selling by investors, in accordance with TASE rules. Market makers operate under the existing TACT rules, with no priority whatsoever over other investors in terms of trading or information, as in most European markets. Studies conducted abroad and in Israel indicate that increased liquidity of securities increases their value.

Market making is the introduction of buy and sell orders (quotes) into the order book  at a maximum spread and a minimum amount, throughout all trading hours on the exchange. Market makers’ activity allows other investors to buy or sell securities relatively easily, in the confidence that in the future, when they wish to realize their investment, the market will be able to absorb the supply or demand that they generate.

 For further information, please contact Mr. Robby Goldenberg, Head of Trading Methods Unit, at robbyg@tase.co.il.