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Press Release
February 28, 2013
  TASE Extends Trading Hours by one Hour
  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).
 
At its Thursday, 28/2/2013 meeting, 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 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.
Proposed Changes to the TASE Trading Schedule 
Market
Starting time
of trading phase
Proposed Schedule
Mon-Thurs.
Proposed Schedule
Sunday
Equity
Pre-opening
09:10
09:10
Opening
10:00-10:01
10:00-10:01
Pre-closing
17:14-17:15
14:14-14:15
Closing
17:24-17:25
14:24-14:25
Debt
 
Pre-opening
09:10
09:10
Opening
09:55-09:56
09:55-09:56
Pre-closing
16:14-16:15
14:14-14:15
Closing
16:24-16:25
14:24-14:25
Derivatives
Opening
09:45
09:45
End of trading
17:35
14:35