The liquidity criterion is one of the criteria for inclusion of shares in the Rimon index universe. The liquidity criterion is designed to ensure "sufficient" trading, which allows its inclusion in indices used as an underlying asset for derivatives. The liquidity criterion only applies if more than 150 shares meet the Rimon criteria.
The share must meet one of the following requirements:
- Average daily volume – 50,000 NIS
The determining figure is the average daily trading volume (in NIS) of the share during the six months preceding the Record Date. For example, for the update date of August 3, 2017, the average daily volume was calculated for the period that began on January 14, 2017 and ended on July 13, 2017. For a share that was traded for less than six months, the average daily volume calculation will only be for those trading days the share was listed on the Stock Exchange. - Median daily volume – 10,000 NIS
The determining figure is the Median daily trading volume (in NIS) of the share during the six months preceding the Record Date.
