Tel Aviv Stock Exchange
The Tel Aviv Stock Exchange ( TASE, Hebrew הבורסה לניירות ערך בתל אביב ) is the only stock exchange based in Israel Tel Aviv- Jaffa. It is organized in the form of a Private Company Limited by Guarantee and these are 12 Israeli banks, three foreign banks ( Barclays, Citibank, HSBC ) and 13 brokers involved (including 3 international investment houses). The Tel Aviv Stock Exchange belongs to the World Federation of Exchanges (WFE ) and is an observer member of the Federation of European Securities Exchanges ( FESE ).
History
Came out the Tel Aviv Stock Exchange from the non- state-approved Exchange Bureau for Securities, which was founded in 1935 by the Anglo-Palestine Bank, together with other banks and brokers. Five years after the founding of Israel, the Tel Aviv Stock Exchange, founded in 1953. 1968 was passed by the Knesset, the Security Law, which led to the establishment of the Israel Security Authority consequence. The Israel Security Authority created a set of rules for the operations of the Tel Aviv Stock Exchange.
In 1983 she moved into its current headquarters.
With the third most Initial Public Offering, the Tel Aviv Stock Exchange in 1993 attracted attention worldwide. Moreover, the Tel Aviv Stock Exchange was ranked on the 40th place in global market rankings.
In 1999, the switch to electronic trading has been completed.
In January 2007, Esther Levanon President of the Tel Aviv Stock Exchange. In 2007, the Tel Aviv Stock Exchange signed an agreement with the London Stock Exchange ( LSE) on Quotes of companies listed on the TASE and the LSE. With the NASDAQ, the Tel Aviv Stock Exchange in November 2007 signed an agreement on dual listing of companies. The Toronto Stock Exchange, signed in February 2010, also an agreement on the dual listing of companies.
The Tel Aviv Stock Exchange was paralyzed in January 2012 by hackers in part.
Trade
At the Tel Aviv Stock Exchange the shares of about 600 companies are traded, over 50 of them in addition to other exchanges. There are also many bonds issued by companies and the Israeli state, and Exchange Traded Notes (ETNs ). 2011 a daily trading volume of 482 million U.S. dollars in shares, 1.1 billion U.S. dollars in bonds and 109 million U.S. dollars in ETNs was settled.
The highest level of tradable shares of companies was reached in 2000 with 665 shares. The range was in the previous years of 558 (1993) to 662 (1998). In the following years were between 577 (2003) and 654 (2007) companies listed on the Tel Aviv Stock Exchange listed.
With 62 newly listed companies in the hitherto valid 2006 record was surpassed with 44 new companies in 2007. The values between 1998 and 2005 ranged between 4 (2003) and 37 ( 2000). In the years 2008 to 2011, these values were between 2 (2008 ) and 22 ( 2010).
Special
Trading on the Tel Aviv Stock Exchange is limited to the period from Sunday to Thursday from 9 to 16:30 clock.
Stock indices
The major stock indexes of the Tel Aviv Stock Exchange are: