Tel Aviv Stock Exchange

Tel Aviv Stock Exchange is a major stock exchange located in Tel Aviv, Israel, and is one of the largest stock exchanges in the Middle East. The exchange is home to over 600 listed companies, including Teva Pharmaceutical Industries, Israel Discount Bank, and Bank Hapoalim. The exchange is also a member of the World Federation of Exchanges and is regulated by the Israel Securities Authority. The exchange has a long history, dating back to 1953, and has undergone significant changes over the years, including the introduction of electronic trading in 1999, which was developed in collaboration with IBM and Microsoft.

● History

The history of the exchange dates back to 1953, when it was established by the Israeli government with the help of Bank Leumi and Bank Hapoalim. The exchange was initially located in Tel Aviv and was known as the Tel Aviv Stock Exchange Ltd.. In the early years, the exchange was small, with only a few listed companies, including El Al and Israel Chemicals. However, over the years, the exchange has grown significantly, with the number of listed companies increasing to over 600, including Check Point, Amdocs, and Nice Systems. The exchange has also undergone significant changes, including the introduction of electronic trading in 1999, which was developed in collaboration with IBM, Microsoft, and Oracle Corporation. The exchange has also been a member of the World Federation of Exchanges since 1999, and is also a member of the International Organization of Securities Commissions and the Financial Action Task Force on Money Laundering.

● Trading

Trading on the exchange is done through a electronic trading system, which was developed in collaboration with IBM, Microsoft, and Oracle Corporation. The system allows for fast and efficient trading, with trades being executed in real-time. The exchange also offers a range of trading products, including stocks, bonds, and exchange-traded funds (ETFs), which are listed on the exchange and traded by Goldman Sachs, Morgan Stanley, and Citigroup. The exchange is also home to a number of market makers, including Jane Street, Virtu Financial, and Citadel LLC, which provide liquidity to the market. The exchange is also connected to a number of international exchanges, including the New York Stock Exchange (NYSE), the NASDAQ, and the London Stock Exchange (LSE), through partnerships with Thomson Reuters, Bloomberg L.P., and S&P Global.

● Listed Companies

The exchange is home to over 600 listed companies, including Teva Pharmaceutical Industries, Israel Discount Bank, and Bank Hapoalim. The exchange also has a number of companies listed on its TA-35 Index, which is a benchmark index of the exchange, and includes companies such as Check Point, Amdocs, and Nice Systems. The exchange also has a number of companies listed on its TA-125 Index, which is a broader index of the exchange, and includes companies such as El Al, Israel Chemicals, and Delek Group. The exchange is also home to a number of companies in the technology sector, including Wix.com, Fiverr, and Monday.com, which are listed on the exchange and traded by Fidelity Investments, Charles Schwab Corporation, and E\*TRADE.

● Market Indexes

The exchange has a number of market indexes, including the TA-35 Index and the TA-125 Index. The TA-35 Index is a benchmark index of the exchange, and includes the 35 largest and most liquid companies listed on the exchange, such as Teva Pharmaceutical Industries, Israel Discount Bank, and Bank Hapoalim. The TA-125 Index is a broader index of the exchange, and includes the 125 largest and most liquid companies listed on the exchange, such as Check Point, Amdocs, and Nice Systems. The exchange also has a number of other indexes, including the TA-BlueTech Index, which tracks the performance of companies in the technology sector, and includes companies such as Wix.com, Fiverr, and Monday.com. The exchange's indexes are calculated and maintained by S&P Dow Jones Indices, MSCI, and FTSE Russell.

● Regulation

The exchange is regulated by the Israel Securities Authority, which is responsible for overseeing the exchange and ensuring that it operates in a fair and transparent manner. The exchange is also subject to the Securities Law of 1968, which sets out the rules and regulations for the exchange. The exchange is also a member of the International Organization of Securities Commissions and the Financial Action Task Force on Money Laundering, and is subject to their rules and regulations. The exchange is also regulated by the Bank of Israel, which is responsible for overseeing the exchange's clearing and settlement systems, in collaboration with DTCC and Euroclear.

● Trading Hours and Fees

The exchange is open for trading from Sunday to Thursday, with trading hours from 9:30 am to 5:30 pm Israel Standard Time (IST). The exchange also has a number of fees, including trading fees, listing fees, and membership fees, which are paid by members of the exchange, including Goldman Sachs, Morgan Stanley, and Citigroup. The exchange also offers a range of services, including clearing and settlement services, which are provided by The Tel Aviv Stock Exchange Clearing House Ltd. and The Israel Securities Authority. The exchange's fees are competitive with other exchanges, such as the New York Stock Exchange (NYSE) and the NASDAQ, and are designed to attract traders and investors from around the world, including BlackRock, Vanguard Group, and State Street Corporation.