AI-Powered English Translation to Enhance Global Accessibility of TASE Listed Company Reports

Rhea-AI Summary

The Tel Aviv Stock Exchange (TASE) and Israel Securities Authority (ISA) have announced an AI-powered translation initiative to increase global investor exposure to TASE-listed companies. The project, set to launch in 2025, will translate company reports from Hebrew to English using AI technology developed by TipRanks.

Currently, only 100 out of 487 TASE-listed companies publish English reports, and just 33 of 108 TA-125 Index companies provide English translations. The service will initially launch as a Beta version for TA-125 Index companies, starting with text-based reports before expanding to include tables, charts, and financial statements.

This initiative is part of TASE's broader strategy to strengthen its global market presence, coinciding with its planned transition to Monday-Friday trading in early 2026. The translated reports will be available on TASE's upgraded English MAYA website, though they won't replace official Hebrew reports.

Positive

• AI translation system will increase global investor accessibility
• Expansion to Monday-Friday trading aligns with international markets
• Potential for increased international investment flow
• Technology covers all TA-125 Index companies' reports

Negative

• Initial Beta version to text-based reports only
• Translations not considered official documents
• Current low adoption of English reporting (only 33 of 108 TA-125 companies)

As part of moving to a Monday through Friday trading week and the efforts to increase the exposure of the TASE-listed companies to global investors, TASE and the Israel Securities Authority launch an innovative English AI-powered translation of the companies' reports

TEL AVIV, Israel, March 4, 2025 /PRNewswire/ -- The Tel Aviv Stock Exchange (TASE: TASE), in collaboration with the Israel Securities Authority (ISA), launches a groundbreaking initiative to increase global investors' exposure to the TASE-listed companies.

This marks the second phase of the joint initiative introduced by ISA and TASE to strengthen the Israeli capital market, encompassing various moves, such as promoting market-making for the TASE-listed companies and providing better access to information for investments in Israel capital market.

Public companies often refrain from translating all their reports into English. A study conducted by TASE, based on data obtained from TASE MAYA website, reveals that only 100 out of the 487 companies listed on TASE (excluding dual-listed companies) publish reports in English, and only 33 of the 108 companies included in the TA-125 Index (excluding dual-listed companies) provide English reports.

To execute this move, TASE has commissioned Israeli Fintech company, TipRanks, to develop a system that fully leverages AI technology to translate immediate reports into English. The translated reports will be accessible on the recently upgraded English version of the MAYA website following their publication in Hebrew. These English translations are not a substitute for the official Hebrew reports issued by the companies, and are intended solely for the convenience of foreign investors.

TASE will be among the first global stock exchanges to implement full AI-powered translation of all public company reports. The service will be launched in 2025 as a Beta version covering immediate reports by companies included in the TA-125 Index. Initially, only text-based reports will be translated. In the second phase, all reports—including those containing tables, charts, and full financial statements—will be translated.

With this move, ISA and TASE continue to increase the global exposure of Israel's public companies, thereby encouraging global investments in the Israeli capital market. Moreover, the move aligns seamlessly with TASE's strategy of strengthening the global standing of the Israeli capital market. It complements TASE's planned transition to a Monday through Friday trading week in early 2026 and breaks the language barrier, providing international investors direct access to information on Israel's public companies, in English.

Contact:
Orna Goren
Head of Communication and Public Relations Unit
Tel: +972 76 8160405
tase.ir@tase.co.il 

 

View original content:https://www.prnewswire.com/news-releases/ai-powered-english-translation-to-enhance-global-accessibility-of-tase-listed-company-reports-302391368.html

SOURCE The Tel Aviv Stock Exchange Ltd.

FAQ

When will TASE launch its AI-powered translation service for company reports?

TASE will launch the AI-powered translation service in 2025 as a Beta version, initially covering immediate reports from TA-125 Index companies.

How many TASE-listed companies currently provide English reports?

Only 100 out of 487 TASE-listed companies (excluding dual-listed companies) currently publish reports in English.

What company is developing the AI translation system for TASE?

Israeli Fintech company TipRanks is developing the AI-powered translation system for TASE.

When will TASE transition to Monday-Friday trading?

TASE plans to transition to Monday-Friday trading in early 2026.

What types of reports will be translated in the initial Beta phase?

Initially, only text-based reports will be translated, with tables, charts, and full financial statements included in the second phase.