The Tel Aviv Stock Exchange is a trading arena in which various types of securities are traded - stocks of companies, bonds, warrants, derivatives, index products and more. On the stock exchange, securities "exchange hands" between buyers and sellers who agree, just like in any other market, on the price and quantity in each transaction.
In the past, the transactions were carried out in "Floors", Since 1999 trading systems on TASE are fully computerized, and through them everyone can buy and sell securities by one of the TASE members (banks and brokerage firms) who are authorized to trade on TASE (View TASE member list>) Trading is anonymous, and done between the members on behalf of their clients.
The TASE Clearing House also operates on TASE.
The Clearing House is a subsidiary of the TASE, and upon end of trading on the TASE, it performs the clearing of the securities, that is, transfers the securities from the sellers' to the buyers account (i.e. the TASE members operating on behalf of their clients), and in return, transfers the payment for the securities from the buyers to the sellers.
