Tel Aviv Stock Exchange Corporate Fact Sheet April 2014
TEL AVIV, Israel, May 7, 2014 /PRNewswire/ --
- Market capitalization (Excluding ETNs):
- Equities:US$214 billion;
- Bonds:US$231 billion
- Daily Turnover Y-T-D (Including off-the-floor transactions):
- Equities (Including ETNs):US$364 million;
- Government Bonds:US$837 million
- Corporate Bonds(Including ETNs): US$263 million
- Treasury Bills: US$162 million
- TA-25 Index Options: 200 thousands of contracts
- 485 equity companies
- 51 companies cross-listed abroad
- 562 index-tracking products (ETN's)
- 34 series of government bonds
- 593 series of corporate bonds
- 72 series of Institutional bonds
- 1,273 mutual funds
Israel Key Macroeconomic indicators
- GDP per capita:
2013 Est. - US$ 33,500
- GDP growth:
2013- 3.3%, 2014 Est. - 3.1%
2013 - 1.8%; Jan-March 2014 - (0.5%)
- Bank of Israel interest rate:
May 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.
Eurex to launch index futures contracts based on TASE's
main index- TA-25, in June-
TASE and Eurex Exchange, announced during a joint press briefing, that Eurex Exchange will list and clear index futures based on the TA-25 index, Israel's blue chip index, as of 9 June 2014. The TA-25 index is one of the most heavily traded regional equity indexes. Eurex Exchange's TA-25 index futures will be denominated in US dollars.
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 +(972)3-5677405/6
SOURCE Tel Aviv Stock Exchange Ltd