Wednesday January 6 2016

News Source: Global Exchanges

Focus: Other

Type: General




Tel Aviv Stock Exchange (TASE) and Nasdaq have announced a strategic cooperation agreement. The two have agreed to form a jointly-operated venture to support private growth companies in Israel. The venture, which will operate out of Tel Aviv, will offer various benefits to private companies including strategic counselling and mentoring, exclusive networking, a secondary market for liquidity events and debt financing services. The private market will have an independent management team chosen by both exchanges. Further details of the venture will be announced during first half of 2016.

In addition, Tel-Aviv Stock Exchange has entered into an agreement to deploy Nasdaq`s Genium INET technology for trading across a variety of asset classes including equities, derivatives, bonds, fixed income, as well as commodities. The technology overhaul will support TASE`s growth focus to attract capital both domestically and internationally, and run cutting-edge technology based on international standards and best practices.

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