Tel Aviv Stock Exchange

from Wikipedia, the free encyclopedia
Tel Aviv Stock Exchange Ltd.
Bursah (or long: Bursah li-Njarot ʿErech)

logo
legal form Ltd.
founding September 1953
Seat Tel Aviv-Jaffa , Israel
management Esther Levanon
Branch Exchanges
Website www.tase.co.il

The Tel Aviv Stock Exchange ( TASE , Hebrew בּוּרְסָה לִנְיָרוֹת עֵרֶךְ בְּתֵל־אָבִיב Būrsah li-Njarōt ʿErech bə-Tel Avīv , German for 'stock exchange for securities' ) is Israel's only stock exchange in Tel Aviv-Jaffa . It is organized in the form of a Private Company Limited by Guarantee , in which twelve Israeli, three foreign banks ( Barclays , Citibank , HSBC ) and 13 brokers (including three international investment houses ) are involved. The Tel Aviv Stock Exchange is a member of the World Federation of Exchanges (WFE) and an observing member of the Federation of European Securities Exchanges (FESE).

history

The Bursah in Tel Aviv arose from the state- illegitimate 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 the state of Israel, the Tel Aviv Stock Exchange was founded in 1953. In 1968 the Knesset passed the Security Law , which resulted in the establishment of the Israel Security Authority . The Israel Security Authority created a set of rules for the Tel Aviv Stock Exchange's business operations.

In 2014 the exchange moved to its current headquarters in Rechov Achusat Bajit  2 (רְחוֹב אֲחֻזַּת בַּיִת), before that, since 1983, the Bursah sat 450 meters further east in Rechov Echad Haʿam  54 (רְחוֹב אֶחָד הָעַם), both in Tel Aviv ha-Qṭanah (תֵּל־אָבִיב הַקְטָנָה; to district 5).

The Tel Aviv Stock Exchange received worldwide attention in 1993 with the third most initial public offering . In addition, the Tel Aviv Stock Exchange was ranked 40th on the global stock market.

In 1999 the conversion to electronic trading was completed.

In January 2007, Esther Levanon became President of the Tel Aviv Stock Exchange. In 2007, the Tel Aviv Stock Exchange signed an agreement with the London Stock Exchange (LSE) on stock prices of companies listed on the TASE and the LSE. In November 2007, the Tel Aviv Stock Exchange signed an agreement with NASDAQ on the double listing of companies. In February 2010, the Toronto Stock Exchange also signed a corresponding agreement on the double listing of companies.

The Tel Aviv Stock Exchange was partially paralyzed by hacker attacks in January 2012 .

trade

Around 600 companies are traded on the Tel Aviv Stock Exchange, over 50 of which are also traded on other stock exchanges. There are also numerous bonds from companies and the State of Israel as well as Exchange Traded Notes (ETN). In 2011, the daily trading volume was $ 482 million in stocks, $ 1.1 billion in bonds and $ 109 million in ETNs.

The highest level of tradable company shares was reached in 2000 with 665 shares. In previous years the range ranged from 558 (1993) to 662 (1998). In the following years between 577 (2003) and 654 (2007) companies were listed on the Tel Aviv Stock Exchange.

With 62 newly listed companies in 2007, the previous record of 2006 was surpassed with 44 new companies. The values ​​between 1998 and 2005 were between 4 (2003) and 37 (2000). In the years 2008 to 2011 these values ​​were between two (2008) and 22 (2010).

particularities

Trading on the Tel Aviv Stock Exchange is limited to Sunday through Thursday from 9 a.m. to 4.30 p.m.

Stock indices

Bursah, new building from 2014, in Rechov Achusat Bajit  2

The largest stock indices on the Tel Aviv Stock Exchange are:

index description
TA-25 index The 25 largest stock corporations by market capitalization on TASE. Also called Ma'of .
TA-100 index The 100 largest stock corporations at TASE.
TA-75 Stock companies of the TA-100 that are not included in the TA-25 .
Mid-cap 50 The fifty largest public companies that are not listed on the TA-100 . Replaced the Yeter-30 .
Mid Cap TA All stock values ​​that are traded on the TASE and are not included in the TA-100 .
TA Composite The index includes all stocks traded on TASE.
TA BlueTech-50 index The index includes the fifty largest stock corporations by market capitalization from the TA-Technology Index and the TA-Biomed .
TA-Technology Index Includes all technology companies that are listed on the TASE.
TA Biomed Index All biotechnology companies that are listed on the TASE.
TA-Oil & Gas Index Maps all equity securities of companies in the oil - and gas - exploration work listed and on the TASE
TA Real-Estate 15 TASE's 15 largest real estate companies
TA Finance 15 The fifteen largest financial companies listed on TASE.
Maala Includes the companies that represent ethical investment .

Web links

Commons : Tel Aviv Stock Exchange  - collection of pictures, videos and audio files

Individual evidence

  1. ↑ a b Tel Aviv Stock Exchange (Ed.): Overview . ( tase.co.il [accessed January 2, 2013]). tase.co.il ( Memento of the original from January 4, 2013 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.  @1@ 2Template: Webachiv / IABot / www.tase.co.il
  2. ↑ a b c Tel Aviv Stock Exchange (Ed.): Members Contact Details . ( tase.co.il [accessed January 2, 2013]). tase.co.il ( Memento of the original from October 14, 2008 in the Internet Archive ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.  @1@ 2Template: Webachiv / IABot / www.tase.co.il
  3. ↑ Tel Aviv Stock Exchange (Ed.): Membership . ( tase.co.il [accessed January 2, 2013]). tase.co.il ( Memento of the original from November 15, 2012 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.  @1@ 2Template: Webachiv / IABot / www.tase.co.il
  4. ↑ Tel Aviv Stock Exchange (Ed.): The Tel Aviv Stock Exchange . Growth & Opportunity. S. 9 ( tase.co.il [PDF; 2.8 MB ; accessed on January 2, 2013]).
  5. ↑ Tel Aviv Stock Exchange (Ed.): The Tel Aviv Stock Exchange . Growth & Opportunity. S. 4 ( tase.co.il [PDF; 2.8 MB ; accessed on January 2, 2013]).
  6. ↑ Tel Aviv Stock Exchange (Ed.): The Tel Aviv Stock Exchange . Growth & Opportunity. S. 5 ( tase.co.il [PDF; 2.8 MB ; accessed on January 2, 2013]).
  7. ↑ TASE is third in 1993 IPOs . In: HighBeam Research (Ed.): Israel Business Today . July 22, 1994 ( highbeam.com [accessed January 2, 2013]). highbeam.com ( Memento of the original dated November 30, 2015 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.  @1@ 2Template: Webachiv / IABot / www.highbeam.com
  8. ↑ Tobias Buck: Tel Aviv exchange is out to lure more business . In: Financial Times . December 18, 2007 ( ft.com [accessed January 2, 2013]).
  9. ↑ Sharmila Devi: Tel Aviv exchange to sign listing deal with LSE . In: Financial Times . February 17, 2007 ( ft.com [accessed January 2, 2013]).
  10. ^ James Langton: Nasdaq, Tel Aviv Stock Exchange formalize ties . In: Investment Executive . November 26, 2007 ( investmentexecutive.com [accessed January 2, 2013]). investmentexecutive.com ( Memento of the original from July 22, 2012 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.  @1@ 2Template: Webachiv / IABot / www.investmentexecutive.com
  11. ↑ James Langton: TSX, Tel Aviv exchange strengthen ties . In: Investment Executive . February 10, 2010 ( investmentexecutive.com [accessed January 2, 2013]). investmentexecutive.com ( Memento of the original from March 22, 2016 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.  @1@ 2Template: Webachiv / IABot / www.investmentexecutive.com
  12. ↑ Tobias Buck: Hacker targets Tel Aviv course and El Al . In: Financial Times . January 16, 2012 ( ft.com [accessed January 2, 2013]).
  13. ↑ Tel Aviv Stock Exchange (Ed.): Annuale Review 2011 . S. 11 ( tase.co.il [PDF; 2.8 MB ; accessed on January 2, 2013]).
  14. ↑ Tel Aviv Stock Exchange (Ed.): Annual Review 2011 . S. 18–21 ( tase.co.il [PDF; 2.8 MB ; accessed on January 2, 2013]).
  15. ↑ Tel Aviv Stock Exchange (Ed.): Tel Aviv Stock Exchange Annual Review 2002 . S. 5 ( online [PDF; 2.8 MB ; accessed on January 2, 2013]).
  16. ↑ a b Tel Aviv Stock Exchange (Ed.): The Tel Aviv Stock Exchange . Growth & Opportunity. S. 18 ( tase.co.il [PDF; 2.8 MB ; accessed on January 2, 2013]).
  17. ↑ Tel Aviv Stock Exchange (Ed.): Annual Review 2007 . S. 14 ( tase.co.il [PDF; 2.8 MB ; accessed on January 2, 2013]).
  18. ↑ Tel Aviv Stock Exchange (Ed.): The Tel Aviv Stock Exchange . Growth & Opportunity. S. 7 ( tase.co.il [PDF; 2.8 MB ; accessed on January 2, 2013]).
  19. ↑ Tel Aviv Stock Exchange (Ed.): Overview . ( tase.co.il [accessed January 2, 2013]).