Tel Aviv Stock Exchange

The main activity of the Tel Aviv Stock Exchange (TASE) is the operation and management of a stock exchange in Israel. It offers trading, clearing and settlement services for various financial instruments, including equities, bonds, exchange-traded funds (ETFs), derivatives and other financial securities. TASE primarily serves institutional investors, listed companies, brokers, fund managers and retail investors, both on the Israeli and international markets. Its objective is to provide an efficient, transparent and secure infrastructure for securities trading and to support the development of the capital market in Israel.

The Tel Aviv Stock Exchange (TASE) was founded in 1953 to provide a centralized platform for securities trading in Israel. Since its creation, it has played a key role in the country’s economic development. Here are the major milestones in its history:

Creation and early years:
- 1953: TASE was founded by a group of Israeli banks and brokerage houses.
- 1968: Adoption of the first securities law in Israel, strengthening market regulation.

Technological development and new products:
- 1999: Transition to an electronic trading system, modernizing exchanges.
- Introduction of new financial products, such as options, convertible bonds, ETFs, and derivatives.

International opening and partnerships:
- 2000s: Development of partnerships with other global exchanges and integration of international standards.
- 2017: Signing of a cooperation agreement with the Shanghai Stock Exchange.
- 2018: Introduction of dual listing, allowing companies listed on other markets to also register on TASE.

Acquisitions and strategic changes:
- 2019: TASE’s own initial public offering, becoming a listed company.
- Launch of innovative platforms for fintechs and startups.
- Development of digital services and initiatives to attract international investors.

Current role:
Today, TASE is Israel’s main stock market, playing a central role in financing Israeli companies and integrating the Israeli financial market into the global economy.

The Tel Aviv Stock Exchange (TASE), or Tel Aviv Stock Exchange, was founded in 1953. The main founder is the Israeli financial community, notably local banks and brokerage houses. The current management team includes:

• Ittai Ben Zeev – Chief Executive Officer (CEO)
• Amir Levy – Chairman of the Board
• Orly Grinfeld – Executive Vice President, Head of Markets
• Yossi Boker – Executive Vice President, Head of Technology and Innovation
• Yossi Beinart – Former Chief Executive Officer (until 2017)

The Tel Aviv Stock Exchange is owned by major financial institutions, including several large Israeli banks, which play a key role in its governance.