Tel Aviv Stock Exchange (TLV) .TA

DEFINITION of 'Tel Aviv Stock Exchange (TLV) .TA'

The securities market in Israel. Securities exchange in Israel began in 1935 through the Exchange Bureau for Securities, before Israel was a state. Israel became a state in 1948, and its securities market became formalized in 1953 with the Tel Aviv Stock Exchange (TASE). Its major index since 1992 has been the TA-25, a capitalization-weighted index of the Exchange's largest 25 stocks.

BREAKING DOWN 'Tel Aviv Stock Exchange (TLV) .TA'

A privately-held company, the Exchange trades in stocks, convertible securities, corporate and government bonds, short-term certificates and a variety of derivatives. The TASE has used a fully electronic trading system for all trades since 1999 and is open Sunday through Thursday to allow a slight overlap with U.S. market hours. Its regulatory body is the Israel Securities Authority.

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