Tel Aviv, Israel, July 3, 2014 /PRNewswire/ --
- Market capitalization (Excluding ETNs):
- Equities:US$218 billion;
- Bonds:US$236 billion
- Daily Turnover Y-T-D (Including off-the-floor transactions):
- Equities (Including ETNs):US$346 million;
- Government Bonds:US$881 million
- Corporate Bonds(Including ETNs): US$268 million
- Treasury Bills: US$180 million
- TA-25 Index Options: 188 thousands of contracts
- 485 equity companies
- 51 companies cross-listed abroad
- 579 index-tracking products (ETN's)
- 33 series of government bonds
- 596 series of corporate bonds
- 76 series of Institutional bonds
- 1,289 mutual funds
Israel Key Macroeconomic indicators
- GDP per capita:
2013 - US$ 33,500
- GDP growth:
2013- 3.3%, 2014 Est. - 2.9%
2013 - 1.8%; Jan-Ma 2014 - (0.3%)
- Bank of Israel interest rate:
July 2014 - 0.75%
- Surplus in balance of payments
- Budget deficit:
2013: 3.2% of GDP, 2014 (Est.) 3.0%
Tel Aviv Stock Exchange
Established in September 1953, the Tel Aviv Stock Exchange (TASE) is an efficient one-stop shop for the securities industry, hosting an increasingly sophisticated range of products available to investors, including 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.
18.6 - TASE becomes an Affiliate Member Of the Federation of European Securities Exchanges- By the General Assembly of the Federation of European Securities Exchanges (FESE). The Membership will commence as of 1st July 2014.
TASE Launches Stock Options on Bezeq and Perrigo- As part of its efforts to expand the range of derivative products traded on TASE. The trading of these new options will commence on 28 August 2014.
In the coming period TASE plans to undertake measures which will facilitate the launch of stock options on all TA-25 index constituents. For more information
New contracts available as of 9 June 2014- Eurex launched index futures contracts based on TASE's main index TA-25. Information regarding TA-25 Index future
TASE will promote Israel's capital market and its listed companies in Israel and abroad, through the provision of the most highly advanced infrastructure for securities trading and clearing, adhering to the highest standards of excellence and guided by principles of market integrity; and will endeavor to position itself and Israel as an international financial center for the listing and trading of technology companies.
The TASE is owned by its members, which comprise the Bank of Israel (Israel's central bank), 15 banks and 11 investment houses. The banks are supervised by the Bank of Israel and the investment houses by the TASE. The TASE permits international banks and investment houses that have no permanent representation in Israel to become 'remote members'.
Companies traded in the USA and on the London Stock Exchange (Main Market) can dual-list their shares on the TASE. Dual-listing, which does not entail significant costs, imposes no additional regulatory burden and offers continuous trading from 09:45 to 23:00 (Israeli time), for companies listed in the USA. There are currently 43 companies dually-listed on TASE, as well as 8 companies which are cross-listed on other foreign securities exchanges.
Israel is classified as a "developed market" by MSCI, FTSE and S&P and is included in the following international indices: MSCI World, MSCI KOKUSAI, MSCI Europe & Middle East, MSCI EAFE, MSCI EASE, the FTSE All World, FTSE Med-100 indices, and S&P Developed BMI.
Trading on TASE is conducted through its members, which include Israeli and international banks and investment houses.
For further information, you are welcome to visit our website at: http://www.tase.co.il or contact the TASE Marketing and Communications Unit at +1-(972)3-5677405/6
SOURCE Tel Aviv Stock Exchange Ltd