Copying and distributing are prohibited without permission of the publisher
CEO Profile: Ester Levanon, Israel Stock Exchange
28 March 2011
The Tel Aviv Stock Exchange was upgraded by MSCI to a developed market status recently. Global Investor/isf spoke with the CEO of TASE to look at what impact these events had and what’s in store for the exchange in 2011.
Read more:
Tel Aviv Stock Exchange
Ester Levanon
Established in September 1953, the Tel Aviv Stock Exchange (TASE) has evolved at an impressive pace in a country weighed down by war, political turmoil and global economic turbulence. Now holding a sophisticated range of products that include shares, corporate bonds, treasury bills and bonds, index-tracking products and derivatives, TASE is a fully automated exchange with a central order book trading system, providing clearing, settlement and depository services.
2010 was a big year for TASE. On May 26th, the upgrade to developed market status went into effect and trading volume on the equity market came to $4.4 billion; eight times the average daily turnover for the entire year. The updated TACT trading system also withstood the stress test.
After the TA-100 index spiked at 90% in 2009, the market seemed to normalise in 2010 and the index managed to achieve modest gains, despite being set against a backdrop of...
Access to this content is denied because you are not logged in. Please login to view this content
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the current issue for two weeks (excluding
some surveys and articles). Start your free trial today.
