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Mission Statement
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TASE’s mission is to promote Israel’s capital market and TASE-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 to position itself and Israel as an international financial center for the listing and trading of technology companies.
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Aims and Objectives |
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- TASE is the venue of choice for the stock and bond offerings of Israel’s business sector.
- TASE provides sophisticated trading and clearing facilities, which guarantee public companies and investors the highest international standards of performance.
- TASE constitutes as a local and international hub for hi-tech companies.
- TASE is a compelling international exchange, attracting foreign investors and market-makers, and in which foreign investment houses serve as local and remote members.
- TASE is integrated into international financial markets and maintains on-going working relations and partnerships with leading exchanges and clearing houses.
- TASE promotes Israel’s capital market both at home and abroad.
- TASE is perceived as a responsible entity operating as an efficient business, while taking into consideration broader economic implications in its activity.
- TASE expands its activity while taking care to maintain orderly and fair securities trading.
- TASE maintains adequate capital and liquidity, assuring financial stability, further development, investment in infrastructure and the capacity to weather recessionary periods.
- TASE maintains enlightened risk management addressing the operational and financial risks it confronts, through international risk management practices designed, inter alia, to guarantee continuity in the provision of trading and clearing services during crisis situations and the maintenance of the financial stability of TASE clearing houses.
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Strategic Plan
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TASE's strategic plan was constructed in reference to two levels of influence:
- The material changes that have occurred in the Israeli capital market over recent years.
- The sweeping changes occurring in the securities exchange industry around the globe. The underlying assumption is that as a result of the globalization which has occurred in securities trading, regulatory changes abroad will likely have a salient impact on TASE.
The strategic plan includes the following topics:
- TASE as a Financial Center for "Tech" Companies
- New Products and Services Development
- Search for New Niche Markets
- Next Generation Trading System
- Local and International Marketing
- Adopting International Practices and Examining Settlement Periods
- Developing New Areas of Activity for TASE Clearing Houses
- Capital Requirements and Fee Models
- Supervision of TASE Members
- Risk Management
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The strategic plan was approved by the TASE board of directors on December 2010. |
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