The Tel-Aviv Stock Exchange (Tase) expects to attract more international investors following a strategic agreement with exchange provider Nasdaq.
The Israeli exchange will employ Nasdaq technology to facilitate more effective trading and says it will be easier for investors to exit their investments.
Nasdaq’s Genium INET technology should benefit trading of equities, bonds, commodities and derivatives.
“By leveraging our Genium INET platform, Tase will have the opportunity to expand their product and business offerings to the domestic and international markets,” said Sandy Frucher, vice chairman of Nasdaq, adding that another aim of the collaboration – which focuses on building a private market to support regional growth companies – will enhance Tel Aviv as a capital markets hub.
Yossi Beinart, chief executive of Tase, said: “The new joint market will offer various models for raising capital to companies not yet ripe to go public and be a bridge for their desire to continue development in Israel and later in markets worldwide.”
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