JERUSALEM, June 11 The Tel Aviv Stock Exchange
said on Sunday it is making it easier for financial groups to
become bourse members in its latest bid to improve trading
With listings and volumes dropping for several years, the
exchange is already in the process of making significant
modifications aimed at boosting trade, like taking the exchange
private and loosening regulation on companies.
Now the bourse said it would remove hurdles for new
institutions to become trading members, bringing it in line with
other exchanges around the world, which it hopes will lead to
lower transaction fees and, subsequently, more investments.
It will no longer require that members have at least 200
clients and securities portfolios valued at a minimum of 262
million shekels ($74 million). Other changes include ending a
mandatory trial period for new members.
"The bourse is refreshing its rules and coming into line
with the rest of the world," said Ittai Ben-Zeev, the exchange's
Ben-Zeev said the new changes will "increase competition for
the investing public and make the Tel Aviv bourse more dominant
and accessible to the broader public."
($1 = 3.5285 shekels)
(Reporting by Ari Rabinovitch; Editing by Tova Cohen)