Tel Aviv Stock Exchange Plans Major Reforms for 2027
Translated & summarized from Ice by baba
The Tel Aviv Stock Exchange and Israel Securities Authority are launching projects to extend trading hours and implement blockchain-based tokenization by 2027. These reforms aim to boost the Israeli market's global competitiveness and liquidity.
The story in 5 lines · by baba
- TASE and ISA are launching reforms for 2027 to boost global standing.
- Trading hours may extend into the evening with an 'After Hours' session.
- Tokenization using blockchain technology will be explored for securities.
- Changes aim to increase liquidity and integrate with global markets.
- Extended hours will allow real-time reaction to global events.
The Tel Aviv Stock Exchange (TASE) and the Israel Securities Authority (ISA) have announced a joint initiative to implement significant changes by 2027, aiming to bolster the Israeli capital market's international standing, enhance liquidity, and integrate it more closely with global markets.
Two key projects are being advanced. The first will explore extending trading hours to include an "After Hours" session from 5:30 PM to 11:00 PM. Initially, this will focus on stocks, bonds, and ETFs affected by major U.S. and international macroeconomic news, allowing investors to react in real-time.
The second project will investigate the implementation of tokenization, which involves the secure digital representation of securities on a blockchain. This technology promises faster, more secure clearing, automated interest payments and corporate actions via smart contracts, and advanced distribution channels for investors.
ISA Chairman Spiv Singer stated that these moves are part of connecting the Israeli market to leading global exchanges, with extended trading enabling quicker responses to global events. TASE CEO Itai Ben-Zeev added that longer trading hours will increase overlap with international markets and support continued growth in foreign investment.
Separately, the article notes that TASE trading currently occurs Sunday to Thursday, with clearing on Sundays to Fridays. Trading on Fridays will be suspended near the High Holidays of Tishrei on September 11, 18, 25, and October 2. During Sukkot intermediate days (September 27 to October 1, 2026), trading and clearing will be shortened. Starting January 4, 2026, trading will shift to Tuesdays through Fridays, with clearing on Sundays through Fridays.
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