Who is a TASE member?
A TASE member is a financial entity that has the right to receive from the TASE a direct connection to trade on the TASE, via a direct communications line. The TASE member transmit buy and sell orders of securities and derivatives traded on the TASE, on behalf of its client and for itself (Nostro).
What is the difference between a TASE member and a company traded on the TASE?
A TASE member is an entity that buys and sells securities and derivatives traded on the TASE, whereas a company traded on the TASE (a public company) is a company whose shares are traded on the TASE (shares, bonds, options, rights deeds). A TASE member may also be a public company whose shares are traded on the TASE.
For example: Bank Hapoalim, Bank Leumi.
For example: Bank Hapoalim, Bank Leumi.
Who are TASE members?
TASE members are comprised of six groups:
- Israeli bank
- Foreign bank - International bank with a branch in Israel, who has received approval of the Bank of Israel to register as a foreign bank
- Israeli investment house which is not bank (NBCM) - Israeli broker
- Nostro NBCM - Operates only for its own account, and which does not have clients
- Remote Member - A company that was incorporated outside Israel, that operates as a stock exchange member on a stock exchange in the country in which it was incorporated, and doesn't have a permanent representation or branch in Israel
- Custodial Member - Does not trade as a member
TASE member list >
Further information regarding TASE membership >
