What is Tel Aviv?
Tel Aviv is the only exchange in Israel. There is no other public market for trading in Israel and it is vital to the country's economy. Overall, this stock exchange contains more than 600 companies, of which about 10 percent have their stocks hovering on stock exchanges in other countries.
Fully automated Tel Aviv Stock Exchange Trades Shares, Government Bonds and State Treasurys. Trade hours are slightly different from the lessons of other exchanges due to Jewish Saturday or Shabbat. It is observed from Friday sun to Saturday's sunset and is earmarked as a day of rest, where the work of everyday life should not be carried out. This means that the market is open on Sunday to Thursday from 8:30 to 16:30. Local time.
Two of the largest Tel Aviv Stock Exchange indexs are the Tel Aviv 25 (TA-25) index-also known as Ma'of & Mdash; which hosts the 25 largest market shares and the Ta-100 Index, which contains the 100 best stocks. Many of theseHe has a dual list about large Israeli companies. This means that they are listed on their own stock exchange and foreign markets such as the New York Stock Exchange.
Tel Aviv exchange is heavily protected and regulated. The 1968 Israeli Act operates as a regulatory body and is supervised by the Israeli Securities Office. Security measures include automatic rejection of any trade in which the price of security has changed significantly from the last time it was traded. Should a particular company publish important information that could affect the market, there would be no trading with these specific shares for a certain period of time, such as 45 minutes to allow traders to read the information.
In 1935, Anglo-Palestine Bank founded a stock exchange office for securities. When the State of Israel was created in 1948, the Israeli economy grew rapidly so it wasA formal stock exchange is required. Tel Aviv Stock Exchange officially began trading in 1953. She remained in the same place 30 years before moving the operation to another area in Tel Aviv.
Stock Aviv Tel Aviv was fully counted in 1999 and then enjoyed a period of tremendous growth. The non -Izrael investment increased exponentially and in 2005 it achieved a maximum of 2 billion in Israeli's new Sheqel (NIS). In the same year, the financial giants of Deutsche Bank, Honk Kong and Shanghai Banking Corporation (HSBC) and UBS became members of the Tel Aviv exchange.
Since 2007, the Tel Aviv Stock Exchange has begun to sign a memorandum of understanding with various influential stock exchanges around the world to formize the relationship between stock exchanges. This began in February 2007, when the Was Memorandum signed with the London Stock Exchange. It continued when similar agreements were signed with the National Sealers' Association of Sealers Automated Offer (NASDAQ) in November 2007, NYSE Euronext in July 2008 and Shanghai StockExchange in November 2008.