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  Departments
Table of contents
  • Information Technology & Operations Department
  • Listing & Economics Department
  • Trading and Derivatives Department
  • Clearing and Settlement Department
  • Membership & Supervision Department
  • Legal Department
  • Administration Department
  • Human resources department
  • Marketing and Communications
    •
    Information Technology & Operations Department 

    The Information Technology and Operations Department develops and operates automated systems for trading, clearing and dissemination of data.

     

    Over the last decade, the department has fully revolutionized the TASE's operations, computerizing all trading and clearing systems and positioning the TASE on an equal footing with the world's most advanced stock exchanges. The importance that the TASE places on remaining at the forefront of technology is evident in the size of the department, which comprises some 70% of exchange employees.
    Listing & Economics Department 

    The Listing & Economics Department registers corporate securities for trade and is responsible for setting registration rules for new financial instruments.

     

    The department also handles corporate announcements, including financial statements, and publishes them on an Internet disclosures system (Hebrew Only) . The TASE Corporate Actions system publishes information about dividend payments, interest and redemption of principal, landmark trading days (the first and last), the dates of general assemblies, deadlines for tender offers, and the dates of future financial statements. The Research Unit publishes statistics, reviews & researches regarding TASE and Israeli capital market.
    Trading and Derivatives Department 

    The Trading and Derivatives department develops TASE's trading method according to the needs of the market as well as developments and trends in the securities industry worldwide.

     

    The department is responsible for managing and rebalancing TASE's indices and for developing new indices.  In addition, the department is engaged in setting the terms and launching new derivative products, clearing and settling transactions in options and futures and managing risks associated with derivatives trading.

     

    Moreover, the department is responsible for  supervision and control  of Market making and Quote Generators (HFT) and  for short selling.

    Clearing and Settlement Department 
    The Clearing and Settlement Department is the party responsible for clearing and settling cash market transactions and for other activities undertaken by TASE members in the course of the trading day. The Tel Aviv Stock Exchange Clearing House (TASE-CH) is responsible for executing the transfer of securities acquired in trading from sellers to buyers, and the transfer of cash proceeds from buyers to sellers.

    In addition, TASE-CH is in charge of registering the balance of securities listed for trading and for conducting payments and other transfers to which securities holders are entitled as a result of various corporate actions.

    Furthermore, the department's Global Clearing, Settlement and Custody Services Unit allows TASE members to effectively manage, reconcile and standardize clearing and settlement processes in foreign securities markets, in conjunction with Citigroup.
    Membership & Supervision Department 
    The Membership and Supervision Department is responsible for enforcing fair conduct by all TASE members and for overseeing the soundness of non-bank members. The stability of the banks is the responsibility of the Bank of Israel's Supervisor of Banks.
    Legal Department 

    The department counsels all the TASE departments on legal matters.

     

    It handles amendments to the TASE articles of association and guidelines and relations with the authorities regulating the exchange.

     

    The department coordinates the work of the board of directors and also functions as the TASE secretariat.
    Administration Department 

    This department supports all the other departments at the TASE.
    Human resources department 
    The department is responsible for the TASE human equity, including recruitment , training and welfare.
    Marketing and Communications 
    The Marketing and Communications Unit is responsible for all marketing activities, media relations, public inquiries, the TASE Visitors’ Center and the TASE website.
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