Taking Stock of the Tel Aviv Stock Exchange: What investors need to know to get involved
Stock exchanges have multiple roles in any economy, such as raising capital for businesses, profit sharing, and facilitating company growth, to name just a few. The Tel-Aviv Stock Exchange is no different in its efforts to grow an economy that is emerging on to the world’s center stage. History of the Exchange Securities trading in Israel dates back to 1935. However, it wasn’t until 1953 that the Tel Aviv Stock Exchange (TASE) officially began its operations. A decade after the exchange was founded, the TASE Clearing House was created to carry out payments on behalf of companies and clear all securities transactions conducted on and off of the exchange. In the early ’90s, the TASE introduced a derivatives market where investors could now be a part of stock market indicies, options, and currency trading. Later that decade, in 1997, the exchange introduced the Tel Aviv Continuous Trading (TACT) system. This automated system allowed for the continuous and simultaneous trading that was transparent for all investors, bringing Tel Aviv’s exchange on to the technological forefront. The TASE Today As the only...
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