TASE Makes Real-Time Trading Data More Accessible to Private Investors

Rhea-AI Summary

The Tel Aviv Stock Exchange (TASE) has proposed a significant reduction in the cost of real-time trading data for private investors, aiming to increase accessibility and enhance market participation. Currently, investors pay NIS 4 monthly for Level 1 data. The new proposal suggests reducing costs for Level 1 data to as low as NIS 1 and Level 2 data from NIS 35 to NIS 15-18, effectively cutting prices by nearly 50%. This initiative seeks to encourage more brokerage firms to engage with smaller investors and will also facilitate real-time data access on financial websites for NIS 1 per month.

Positive

• Reduction of Level 2 data package price from NIS 35 to NIS 15-18.
• Level 1 data package price may drop to NIS 1 for small investors.
• Enhanced accessibility of real-time data for private investors.
• Encouragement for brokerage firms to attract new clients.

Negative

• None.

TEL AVIV, Israel, Nov. 24, 2021 /PRNewswire/ -- The Tel-Aviv Stock Exchange (TASE: TASE) published today for public discussion a proposal for a significant reduction of the cost of real-time data to private investors.

Two years ago, TASE made a significant move by enhancing the accessibility of trading data and enabling the display of real-time streaming data to private investors at a cost that is substantially less than that paid by business clients. Today, many investors in the Israeli capital market enjoy streaming market data (Level 1), on par with international standards, for only NIS 4 a month.

TASE is dedicated to strengthen its ties with the public and enhancing the public's involvement and participation in the success of the Israeli economy, especially in view of the public's growing interest in investments on TASE. Accordingly, it now proposes a further reduction of the prices for data vendors and TASE members looking to provide real-time streaming data, for optimal access to market data by private investors.

To date, even after previous price reduction, most private investors receive static data displays. In order to make dynamic, real-time updated data available to private customers, TASE proposes to further reduce the cost of Real time streaming data to private investors.

The proposed change will allow TASE members to offer an advanced display of the trading data via cellular apps and innovative developments, at particularly low prices, to small and new customers, making it easier for existing and new brokerage firms to provide an attractive offering for trading on TASE. 

As part of the change, the cost of distribution of streaming data to private clients through TASE members and data vendors will be reduced by close to 50%, depending on the number of data recipients. Accordingly, the price of a Level 2 data package will be reduced from NIS 35 to NIS 15-18 and the cost of Level 1 data package may drop to NIS 1 per customer per month.

Additionally, for small customers with an investment portfolio value of less than NIS 25,000, the price of a Level 1 data package will be only NIS 1 per month - 75% less than the current price.

Another proposed step concerns the distribution of market data through financial websites. At present, websites present trading data to the public at a 15-minute delay. According to the proposal, websites that are solely engaged in the display of data will be able to offer real-time security prices to users for a monthly cost of only NIS 1 per user.

A draft for public comments concerning the reduction of costs for private customers was posted this morning on TASE's MAYA website. The public is welcome to offer its comments until September 13, 2021. Thereafter, taking the comments that are received into consideration, the proposal will be presented to the Board of Directors of TASE for approval.

It should be noted that TASE is currently also working to enhance the overall transparency and accessibility of the trading data. Within this framework and pursuant to the Israel Securities Authority's approval, in the final quarter of 2021 TASE is planning to launch a new data service – Market by Order data offering. The new data feed will include the full order book. At present, only the five highest price levels are distributed to the market at any given time per security. When the service is launched, market players will be able to view all price brackets in the market, as well as the composition within the levels. This data service is available in most global exchanges and its launch is part of TASE's strategy of alignment with international standards. The new data feed will be distributed alongside the current market by price data feed. 

Contact:
Orna Goren
Head of Communication and Public Relations Unit
Tel: +972 76 8160405
tase.ir@tase.co.il

View original content:https://www.prnewswire.com/news-releases/tase-makes-real-time-trading-data-more-accessible-to-private-investors-301431612.html

SOURCE The Tel Aviv Stock Exchange Ltd.

FAQ

What is TASE's proposal for real-time trading data pricing for private investors?

TASE proposes to reduce the cost of real-time trading data for private investors, lowering Level 2 data from NIS 35 to NIS 15-18 and Level 1 data to potentially as low as NIS 1.

How much is private investors currently paying for Level 1 data on TASE?

Private investors currently pay NIS 4 per month for Level 1 data.

When is the comment period for TASE's proposal on real-time data pricing?

The comment period for TASE's proposal is open until September 13, 2021.

How will TASE enhance data accessibility with the new proposal?

TASE's new proposal aims to enhance data accessibility by reducing costs and enabling brokerage firms to better serve private investors.

What new data service is TASE planning to launch?

TASE plans to launch a 'Market by Order' data service, allowing access to the full order book by the end of 2021.