The TASE was established in 1953 as a private company by its members, banks and brokers' firms, in order to institutionalize trading in securities in Israel.
In April 2017, the Knesset ratified an amendment of the Securities Law enabling changes to TASE's ownership structure and in September 2017 the District Court ratified the TASE demutualization arrangement, enabling changes to TASE's ownership structure, which turns the TASE into a company of profit, while separating TASE membership from ownership TASE shares.
The Israel Security Authority (ISA) is the direct governmental that supervises its activities. The TASE Clearing House, the Maof Clearing House and the Nominee Company are subsidiaries of the TASE.
