Welcome to our dedicated page for TEL AVIV STOCK EXCHANGE news (Ticker: TVAVF), a resource for investors and traders seeking the latest updates and insights on TEL AVIV STOCK EXCHANGE stock.
The Tel Aviv Stock Exchange (TASE) is the only public stock exchange in Israel, with a history dating back to 1953. TASE provides a platform for trading securities, such as shares, bonds, ETFs, and derivatives, facilitating capital formation for companies. TASE is a significant player in the Israeli financial market, offering a variety of products and services to investors and listed companies. The exchange is committed to innovation and technological advancements to enhance market efficiency and accessibility.
As of the latest update, TASE's Board of Directors approved a plan related to the remaining Arrangement Shares allocated to former members of TASE. The plan includes the announcement and payment of a special dividend to all shareholders, as well as the sale of shares by certain members. This initiative aims to resolve disputes and strengthen TASE's position through strategic investments in technological infrastructure.
The Tel-Aviv Stock Exchange (TASE) reported strong Q3 2024 results with revenue reaching NIS 109 million, up 14% year-over-year. Adjusted EBITDA increased 17% to NIS 45 million, while net profit grew 43% to NIS 26 million. Trading volumes showed significant growth, with shares up 7% and bonds up 20%. The TA-125 index rose 12% through September, while market cap reached NIS 1,184 billion. Despite ongoing war challenges, TASE demonstrated resilience with increased trading volumes and debt raising activities. The exchange launched new initiatives including a Block Trade Facility and TASE+, an AI-based investment analysis tool.
The Tel Aviv Stock Exchange (TASE) has announced it will release its Q3 2024 financial statements on Wednesday, November 20, 2024, after market close. The results will be published on TASE's MAYA website, the Israel Securities Authority platform, and the company's investor relations page. A conference call discussing the results will be held at 8:00 PM (Israeli time) on the same day, hosted by CEO Ittai Ben-Zeev and CFO Yehuda Ben Ezra. The call will be conducted in English and include a Q&A session, with dial-in numbers provided for multiple countries.
The Tel Aviv Stock Exchange (TASE) plans to update its pricelist for custody services provided by the TASE Clearing House. This decision follows a review that found TASE's fees significantly lower than global standards. The update will be implemented in three annual steps starting January 1, 2025, aiming to reduce the gap between Israeli and international fees.
TASE estimates the update will generate additional annual revenue of approximately NIS 11 million in 2025, NIS 26 million in 2026, and NIS 44 million in 2027 and beyond. The pricelist update is subject to approval from TASE's Board of Directors and the Israel Securities Authority. TASE will publish a draft proposal for public comments before implementation.
The Tel Aviv Stock Exchange (TASE) is set to launch its futures market on September 1, 2024, offering contracts on the TA-35, TA-90, and TA-Bank-5 indices. This initiative is part of TASE's strategic plan to develop the Israeli capital market and increase trading and liquidity. Idan Financial Instruments has been appointed as the first market maker for these futures contracts.
The market maker will ensure stable bid and ask quotes with competitive spreads, aiming to enhance efficiency and accuracy in futures trading. This move is expected to promote market confidence, contribute to liquidity, and reduce trading costs for investors. The launch aligns with TASE's broader strategy to expand its range of financial products and develop the derivatives market.
The Tel Aviv Stock Exchange (TASE) is set to publish its financial statements for the second quarter of 2024 on August 7, 2024, after market close. The reports will be accessible on TASE's MAYA website, the Israel Securities Authority's MAGNA site, and TASE's Investor Relations page.
A conference call, hosted by CEO Ittai Ben-Zeev and CFO Yehuda Ben Ezra, will follow at 8:00 PM (Israeli time) on the same day. This call will review the financial results and include a Q&A session. Call-in details for various regions are provided, and a recording will be available the following day.
The conference call will be in English and accompanied by a presentation available on specified websites. Participants are encouraged to review the detailed financial statements for comprehensive information.
The Tel Aviv Stock Exchange (TASE) announced the release of its financial statements for the period ending December 31, 2022, scheduled for March 28, 2023, after market close. The financial results will be available on TASE's MAYA website and the Israel Securities Authority's MAGNA website. A conference call will follow at 8:30 PM (Israeli time), hosted by CEO Ittai Ben-Zeev and CFO Yehuda Ben Ezra, for investor review and Q&A. A recorded version of the call will be uploaded to the Company’s website afterward.
The Tel Aviv Stock Exchange (TASE) has partnered with Yelin Lapidot Investment House to exclusively launch new indices for ETF and tracking fund issuers. This initiative aims to enhance investment product variety and liquidity on TASE. The collaboration follows approval from the Israel Securities Authority and is expected to facilitate innovation in the indices sector, increasing competition in the Israeli capital market. TASE plans to invest significantly in the indices sector to align with global standards, with a current total AUM tracking TASE indices at approx. NIS 78 billion.
FAQ
What is the current stock price of TEL AVIV STOCK EXCHANGE (TVAVF)?
What is the market cap of TEL AVIV STOCK EXCHANGE (TVAVF)?
What is the Tel Aviv Stock Exchange (TASE)?
What products can be traded on TASE?
What recent plan was approved by TASE's Board of Directors?
What is the objective of the approved plan?
How does TASE contribute to the Israeli financial market?
Who can investors contact for more information about TASE?
