TASE launches options and futures on TA-100 Index
The Tel Aviv Stock Exchange (TASE) board of directors has approved the launch of derivatives (options and futures) on the TA-100 index.
The new derivatives join existing products on a number of underlying assets – the TA-25 index, the TA-Banks index, the ILS/USD exchange rate, the ILS/Euro exchange rate, and 10 individual stocks included in the TA-100 index.
The derivatives on the TA-100 index are scheduled to begin trading on 29 January 2015.
Robby Goldenberg, senior vice president and head of the trading, derivatives and indices department, says: “The launch of derivatives on the TA-100 index constitutes a significant step towards expanding the variety of derivatives traded on TASE. It is anticipated that the new derivatives will contribute to market efficiency, to the liquidity of all TA-100 constituent shares and to the growth of the trading volume of TASE’s stock and derivatives markets alike. Since the TA-100 index is perceived as best representing the Israeli economy, especially among foreign investors, the new derivatives will likely increase the attraction of investing in TASE for these investors as well.”