Interactive Brokers Providing Access to Tel Aviv Stock Exchange

Maria Nikolova

IBKR will connect clients to TASE via a banking intermediary based in Israel.

Interactive Brokers Group, Inc. (IEX:IBKR), an automated global electronic broker, announced that IBKR institutional and retail clients can now trade stocks on the Tel Aviv Stock Exchange (TASE). IBKR will connect clients to TASE via a banking intermediary based in Israel.

The “gateway to the world’s markets”, Interactive Brokers serves more than 607,000 clients worldwide and operates on more than 120 exchanges in 32 countries. The company enables clients to fund their account in 23 currencies and trade assets from a single account in multiple currencies, including the Israeli shekel.

“Interactive Brokers is truly a global money management platform. We aim to provide clients with unparalleled access to the world’s financial markets, including smaller markets that larger financial institutions often don’t serve,” said Thomas Peterffy, CEO of Interactive Brokers. “Due to our international scope and advanced technology, we can offer opportunities for investors to access smaller markets efficiently and cost effectively.”

“Providing our clients with access to the Tel Aviv Stock Exchange extends IBKR’s global reach and lets both retail and professional clients invest in Israeli companies,” he said.

Ittai Ben-Zeev, CEO of TASE, said, “We are pleased with IBKR’s decision to facilitate TASE trading for their clients worldwide. Since Interactive Brokers is one of the world’s leading international brokerage firms, we view their move to provide their clients better access to TASE as a vote of confidence in the Israeli capital market and TASE. We have set the enhancement of TASE’s international ties and footprint as a strategic priority and are dedicated to providing global firms, such as IBKR, the infrastructure and services necessary to best serve the global investor’s needs.”

Mr. Ben-Zeev added, “We welcome international investors and encourage them to take part in Israel’s economic success. This is a direct result of our strategic plan and aspiration to encourage international investors to trade on TASE, to expand trading volumes and improve liquidity in the Israeli market. Over the past year, we have taken significant steps to further facilitate international investor activity on TASE. We launched co-location services to accommodate high-frequency/low latency trading. We have contracted with the global network provider, BSO, for direct connectivity between London and TASE and we have significantly eased the criteria for remote TASE membership. We hope to see more global entities follow IBKR’s lead in easing their clients’ access to TASE.”

Read this next

Digital Assets

Zero Hash obtains AUSTRAC registration in Australia

Seed CX is expanding the reach of its crypto settlement solution, dubbed ‘Zero Hash,’ which has registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) as a digital currency exchange provider.

Digital Assets

UK advertising watchdog slams Arsenal over misleading crypto ads

The UK advertising watchdog has reprimanded Arsenal Football Club for promoting crypto assets without warning fans of the potential associated risks.

Retail FX

Swissquote profit slips as crypto revenue falls by two thirds

Swissquote Group, Switzerland’s provider of online trading services, reported that its H1 revenues dropped by nearly a quarter from a year ago as clients’ interest in crypto trading stagnated.

Digital Assets

Crypto.com granted approval to operate business in Cayman Islands

Crypto.com, one of the longest-established crypto platforms, has obtained a new registration in the Cayman Islands under the Virtual Asset Services Providers Act.

Executive Moves

United Fintech hires Mitch Vine and Danny Finnerty to expand US footprint

“United Fintech’s expansion in the US is pivotal to our mission of helping financial institutions digitize and gain access to best in class capital markets focused technology.”

Digital Assets

Ankr backed by Binance Labs after several initiatives in support of BNB Chain

Ankr has made a series of upgrades to the BNB Chain, including Erigon, the Archive Node, and the latest BNB Application Sidechain (BAS) scalability solution.

Retail FX

Financial Commission terminates membership of LordFX

The Financial Commission, an independent self-regulatory compliance specialist for the financial services industry, has expelled forex brokerage LordFX from its membership, according to a FinaCom statement.

Industry News

Match-Prime Liquidity sponsors Cypriot football club Omonoia FC

“We feel privileged to support Omonoia as it’s one of the largest teams in Cyprus, fandom size-wise, and we know it has a special connection with its supporters.”

Institutional FX

XTB’s X Open Hub adds 30 cryptos to white label offering for brokers

Its solutions include deep institutional liquidity on more than 5,000 global instruments, such as indices, shares, forex, cryptocurrencies, commodities, and ETFs, and a white label platform that can be fully customized and branded for each brokerage.

<