Tel Aviv Stock Exchange Fact Sheet of May 2013
TEL AVIV, Israel, June 6, 2013 /PRNewswire/ --
Fast Facts
Market capitalization (Excluding ETNs):
- Equities:US$173 billion;
- Bonds:US$230 billion
Daily Turnover (Including off-the-floor transactions):
- Equities (Including ETNs): US$295 million;
- Government Bonds:US$966 million
- Corporate Bonds(Including ETNs): US$294 million
- Treasury Bills: US$188 million
- TA-25 Index Options: 197 thousands of contracts
- 521 equity companies
- 48 companies cross-listed abroad
- 452 index-tracking products (ETN's)
- 35 series of government bonds
- 641 series of corporate bonds
- 80 series of Institutional bonds
- 1,245 mutual funds
For TASE Monthly Main Indicators
Israel Key Macroeconomic indicators
- GDP per capita:
2012 - US $ 30,400 - GDP growth:
2012- 3.2%, 2013 (Est.) - 3.8% - Inflation:
2012 - 1.6%, Jan-Apr.2013 - 0.4% - Bank of Israel interest rate:
May 2013 -1.25% - Surplus in balance of payments
- Budget deficit:
2012: 4.2% of GDP
(Logo: http://photos.prnewswire.com/prnh/20130117/588933 )
NEWS:
Extension of TASE Trading Hours Starting 16 June 2013
- Hours better aligned with trading hours of foreign markets
- Trading in all securities Mondays thru Thursdays until 17:25
TASE Aligns with World Derivatives Markets:
Starting 3 July: Weekly Options and Futures on theTA-25
- New instrument for hedging short-term risk
- Additional expiration dates for TA-25 options
- An additional daily quota on orders placed by quote generators will be set, to encourage liquidity in weekly options.
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.
Mission Statement
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
Membership
The TASE is owned by its members, which comprise the Bank of Israel (Israel's central bank), 16 banks and 13 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'.
Dual Listing
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 44 companies dually-listed on TASE, as well as 6 companies which are cross-listed on other foreign securities exchanges.
For more information about Dual Listing on TASE.
Globalization
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 +972-3-5677405/6
SOURCE Tel-Aviv Stock Exchange (TASE)
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