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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.
Although most people imagine trading as conducted between traders shouting at each other, noisy and colorful trading arenas are a part of the past. In fact, the TASE has been operating since 1999 in sophisticated computerized trading systems, based on advanced computer technologies, without physical trading arenas. The trading system is called "TACT" Tel-Aviv Continuous Trading.
TASE members transfer buying and selling orders continuously and in real-time to the "Central Order Book", which is located on the TASE computers using the "TACT" computerized trading system. The system matches the orders and creates transactions. Trading information is published regularly on thousands of monitors on various websites in Israel and abroad, and is accessible through sophisticated distribution systems.
At the close of trading, transactions are cleared at the TASE Clearing House and securities' buyers receive the securities to their accounts and pay for them (and vice versa, for the sellers of the securities). Everything is computerized, anonymous and without human contact.
- Changing password:
- Before logging in - Clicking "Forgot Password" in the Personal Area Sign-in screen will open the "Reset password" screen.
Enter the email address you registered with on TASE Personal Area and click "Recover password" in order to receive an email from TASE with a link to the password reset screen, there you'll be able to enter your new password. - After logging in - Click on the button with your username on it, in the top right cornet on all TASE website pages.
Click "My Profile".
On "My Profile" tab, pick Update Name/Reset Password.
- Before logging in - Clicking "Forgot Password" in the Personal Area Sign-in screen will open the "Reset password" screen.
- In order to change your email - please open a new account.
Please note that signing with your Apple/Google/Facebook account - will prevent you from being able to change your password, username and phone number .
Several types of securities, are traded on the stock exchange, with the most common product being stocks. A stock is one type of security that enables the issuing company to raise capital from investors on the stock exchange. In exchange for the money they invest in the stock, investors receive part of the ownership and become partners in the company. As the company increases its operations and profits, investors can benefit from its profits.
The Tel Aviv Stock Exchange is unique in comparison to other stock exchanges, because most of the world's most popular investment instruments, including stocks, government and corporate bonds, Makam, ETFs, options and futures, are traded on it. In other countries trading is split into several exchanges. The concentration of trading in one place optimizes management and operations and enables investors to trade in all products at the same arena.
Securities traded on the stock exchange can be bought or sold through "TASE members" only (banks and members who are not banks. Connection between the public and TASE members is through investment advisors or portfolio managers (brokers) licensed by the Israel Securities Authority.
An investor wishing to carry out securities transactions is required to open a securities account with one of the TASE members and may trade in several possible ways. Today, it is possible to trade via the internet or cell phone, after receiving appropriate authorization from the TASE member through which the investor trades.
It is important to note that all trading, buy or sell orders must pass through a TASE member, but they are anonymous - and reach TASE computers without the name or any other details of the investor.
TASE member list >
It is important to note that all trading, buy or sell orders must pass through a TASE member, but they are anonymous - and reach TASE computers without the name or any other details of the investor.
TASE member list >
Bond issuance enables companies and the government to raise capital from the public, in a process that is similar to talking a loan from a bank. The company that issues the bond returns the debt on a predetermined date. The investor that purchases the bond in effect gives a loan to the entity that issues the bond.
The bond is traded on the stock exchange and can be bought and sold without any connection to the repayment date of the "loan". A bond is the primary financial instrument for solid investments. The bond guarantees a predefined yield and the ability to profit from trading in it in the short term in the event that the price rises in the market after the purchase.
Government bonds can also be bought on the TASE - bonds issued by the government in order to increase its revenues, reduce government deficit and improve its services to its citizens. The government is the largest debt issuer on TASE.
Learn more about bonds>
