TASE extends trading day to 5:30 pm from April

The Tel Aviv Stock Exchange (TASE) board of directors today approved extending the trading day to 5:30 pm on Monday-Thursday. On Sunday, the trading day will end at 2:30 pm. Trading will begin 15-25 minutes later. Trading in bonds and makams (short-term Treasury notes) will remain unchanged.

The change is scheduled to come into effect in April. The decision is subject to approval by the Israel Securities Authority.

The new schedule will extend trading in shares and derivatives by 45 minutes a week, but shorten trading in bonds and makams by four hours a week.

The TASE said that the change would "bring trading hours in shares and derivatives in Tel Aviv closer to the prevailing hours in leading European exchanges and create a partial overlap with trading in New York."

Published by Globes [online], Israel business news - www.globes-online.com - on February 28, 2013