TASE
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| Type | |
|---|---|
| Location | Tel Aviv, Israel |
| Founded | 1953 (precursor 1935) |
| Owner | 15 banks and 11 investment houses |
| Key people | Ran Malka, Chairman (acting) Yossi Beinart, Chief Executive Officer |
| Currency | New Israeli Shekel |
| No. of listings | 473 companies listing equities 901 series of corporate bonds 204 series of government bonds 416 index-tracking products 1,231 mutual funds |
| Market cap | Equities: US$ 216 billion; Bonds: US$ 196 billion |
| Volume | 546 million US$ daily (2010) |
| Indices | TA-25 Index, TA-100 Index, TA BlueTech Index |
| Website | tase.co.il |
The Tel Aviv Stock Exchange (TASE; Hebrew: הבורסה לניירות ערך בתל אביב; colloquially known as The Bursa or Hebrew: הבורסה) in Tel Aviv is Israel's only public .
TASE plays a major role in the Israeli economy. TASE lists some 544 companies, 56 of which are also listed on stock exchanges in other countries. TASE also lists some 180 exchange-traded funds (ETFs), 60 government bonds, 500 corporate bonds, 591 Exchange traded notes (ETN's) and more than 1000 mutual funds.
In 2009, the trading day was set at 9:30 AM–4:30 PM. At a news conference in December 2012, CEO Ester Levanon announced that trading would be extended by an hour to bring working hours closer to those of the European market. Since June 2013, the trading day has been 9:30 AM–4:30 PM on Sundays and 9:30 AM–5:30 PM Monday to Thursday.
The precursor to the TASE was the Exchange Bureau for Securities, founded by the Anglo-Palestine Bank (which became Bank Leumi) in 1935. With rapid growth of the Israeli economy after the founding of the state, a formal stock exchange was incorporated and began operations in Tel Aviv in 1953.
In 1993 TASE had the third largest number of IPOs of all the world stock exchanges.
The exchange completed its conversion to electronic trading in 1999, under the supervision of Ester Levanon, who was later named CEO of the exchange.
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