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HomepageAbout TASEOrganizational Structure
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  Departments
Table of contents
  • Information Technology & Operations Department
  • Listing & Economics Department
  • Trading, Derivatives & Indices Department
  • TASE Clearing House (Clearing and Settlement Department)
  • Membership & Supervision Department
  • Risk Management Department
  • Marketing and Sales Department
  • The Strategy and Business Development Department
  • Legal Department
  • Company Secretariat
  • Human Resources Department
  • Administration & Finance Department
  • Information Technology & Operations Department

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

    The importance that the TASE places on remaining at the forefront of technology is evident in the size of the department, which comprises some 60% 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, Derivatives & Indices Department

    The Trading and Derivatives department is responsible for the development and maintenance of TASE's trading method according to the needs of the market in accordance with developments and trends in the securities "industry" worldwide.

    The department is also responsible for ongoing management and rebalancing of TASE's indices, including their update from time to time, for adjustments in index methodologies and for developing new indices.
    In addition, the department is engaged in setting the terms and developing new derivative products

    The department maintains supervision and control of market making on TASE, of quoting activity, coordinates the handling of short sales, and is responsible for the listing of government bonds and Treasury bills for trade on TASE.

    TASE Clearing House (Clearing and Settlement Department)
    The Clearing and Settlement Department is the party responsible for clearing and settling market transactions and for other activities undertaken by TASE members in the course of the trading day. This takes place in two clearing houses, both of which are subsidiaries fully owned by the TASE: The Tel Aviv Stock Exchange Clearing House (TASE-CH) is responsible for clearing and settlement of transactions in securities traded both on and off TASE, providing central counter-party services for TASE transactions (excluding derivatives), and providing central custody services for different types of securities. The MAOF Clearing House is responsible for issuing derivatives traded on TASE, and for clearing and Settlement, and exercise of derivatives transactions.
    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.
    Risk Management Department
    ​​The department is responsible for the TASE's corporate risk management.
    Marketing and Sales Department
    ​​​The Marketing and Sales Department is responsible for all marketing activities, strategic products development, international relations, media relations, public inquiries, the TASE Convention Center and the TASE website.
    The Strategy and Business Development Department

    The Strategy and Business Development Department analyzes strategic processes affecting TASE. It assesses the opportunities and threats facing TASE and develops programs designed to address the challenges posed by them.

    The department’s activities include: conducting a deep analysis of regulatory processes affecting the capital market and their implications on the market, initiating action to create an inviting business and regulatory environment for public companies and developing markets and new services deemed strategically important to TASE.

    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.

    Company Secretariat
    ​Coordinates the work of the board of directors and clearing houses of the Tel Aviv Stock Exchange, and is responsible for the application and implementation of corporate governance rules.
    Human Resources Department
    ​The department is responsible for the TASE human equity, including recruitment , training and welfare.
    Administration & Finance Department
    ​​This department supports all the other departments at the TASE.
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