The fascinating history of the Tel Aviv Stock Exchange.

#wallstreet #investmentbanking #financenews #investmentbankingnews #shorts Follow Today On Wall Street for daily news - If you have any questions, connect with me on LinkedIn: Email me at: [email protected] Here is the fascinating story of the Tel Aviv Stock Exchange! #wallstreet #finance #financecareers #banking #investmentbanking #financeintern #wsj #consulting #consultingintern #goldman #privateequity #pe #ipo #telaviv #telavivstockexchange Script: Good morning everyone and welcome back to my channel. Today, we will embark on a journey through the fascinating history of the Tel Aviv Stock Exchange, or TASE. From its humble beginnings to its current status as a vital force in the Israeli economy, the TASE has played a pivotal role in the nation's growth. Today we’ll delve into the story of how this exchange came to be, the companies that call it home, and the key figures who shaped its path. This will be the first in a series of videos focused on the tech and innovation hub that is Israel. This story starts not in 1953, the official founding year of the TASE, but twelve years earlier. The 1930s witnessed an influx of Jewish bankers fleeing Nazi persecution. These financiers, with their expertise, laid the groundwork for an additional global securities market. In 1935, within the walls of the then Anglo-Palestine Bank (today's Bank Leumi), the "Exchange Bureau for Securities'' was born. Here, for a mere hour each day, trading of securities took place – a small seed from which the TASE would sprout. The Birth of the TASE and its Rise Following Israel's independence in 1948, the need for a formalized securities market became evident. In 1953, investment houses and banks joined forces to establish the Tel Aviv Stock Exchange. Initially, trading continued at Bank Leumi before moving to its own building in 1960. The exchange witnessed steady growth, and by 1992, the TA-25 index, a benchmark for the 25 largest companies on the TASE, was launched. Technological Transformation and Milestones The TASE fully embraced technological advancements. By 1999, a fully electronic trading system replaced the traditional open outcry method. This move towards efficiency coincided with another milestone: the year 2000 saw the introduction of dual listings and exchange-traded notes (ETNs). The exchange continued to evolve, finding a new home on Ahuzat Bayit Street in 2014, a space equipped to handle the demands of the modern financial world.