Connect with us

Hi, what are you looking for?

Jewish Business News

empty

TASE (Tel Aviv stock exchange) Extends Trading Hours by One Hour

Israeli Stock Market Reacts To News Of Ariel Sharon's HealthBy Cellia  Shani

Trading hours will be better aligned with those of leading European and US exchanges

Monday-Thursday equities and derivatives trading will close at 17:30 (16:30 CET);

Sunday trading will close at 14:30 (13:30 CET).

The Tel Aviv Stock Exchange (TASE) Board of Directors approved the revision of TASE trading hours.

The objective of the change is to better align TASE trading hours for shares and derivatives with those of leading European exchanges and create a one hour overlap with trading in New York.

Trading hours for fixed income securities will not be extended.

It is anticipated that the extension of TASE trading hours will promote higher trading volume, encourage arbitrage trading by local and foreign investors, improve liquidity, and render TASE a more attractive venue for foreign investors.

 TASE CEO, Ester Levanon summarizes by saying: “The extension of trading hours is yet another measure designed to render TASE an attractive and highly accessible venue for foreign investors.”

 The revision of TASE trading hours is scheduled to become effective in the second half of April. It is subject to the approval of the Israel Securities Authority.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Newsletter

Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

empty

The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

Business

Now Platika joins and elite club of $10 billion plus Israeli firms.

Advertisement