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Tel Aviv Stock Exchange Ltd. reports news on its exchange operations, financial results, and index products for Israel’s capital market. Recurring updates include quarterly and annual results releases, English-language investor calls, investor presentations, and corporate disclosures tied to governance, shareholder voting, material agreements, and capital structure.
The company also announces changes to its equity index lineup, including launches and updates for indices such as TA-Real Estate 35, TA-Technology 35, and TA-Israel Energy. These updates often address index eligibility, constituent composition, closing-auction mechanics, passive assets tracking TASE indices, and initiatives involving listed companies and market participation.
TASE reports strong financial results for Q1 2022, with revenues reaching NIS 98 million, a 25% increase from the previous year. Profit rose to NIS 15 million, marking a 50% increase, while adjusted EBITDA also climbed 50% to NIS 37 million. Equity trading volumes surged by nearly 40%, and capital raised totaled NIS 7.5 billion. A buyback program of up to NIS 36 million was initiated, reflecting TASE's ongoing development as a key capital raising hub.
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The Tel-Aviv Stock Exchange (TASE) reported strong financial results for Q4 2021 and the full year. Q4 revenues increased to NIS 86 million, an 11% rise year-over-year, while annual revenues totaled NIS 324 million, up 6%. Profits for Q4 rose 25% to NIS 14 million, with adjusted EBITDA up 14% to NIS 30 million. A record 94 IPOs were completed in 2021, with a record NIS 13 billion in foreign investments, establishing TASE's growth as a key player in capital markets. A buyback plan of up to NIS 100 million was also announced, benefiting shareholders.
The Tel Aviv Stock Exchange (TASE) will publish its financial statements for the year ended December 31, 2021, on March 21, 2022, after market close. A conference call led by CEO Ittai Ben-Zeev and CFO Yehuda van der Walde will take place at 8:30 PM (Israeli time) on the same day, offering a review of the financial results. Additionally, TASE plans to release its inaugural Corporate ESG Report for 2021 on March 30, 2022. Details for joining the conference call are provided, and a recording will be available on the company's investor relations website afterwards.
The Tel Aviv Stock Exchange (TASE) is collaborating with Dubai's business entities to advance economic ties between Israel and the UAE. A conference will be held in Dubai from February 28 to March 3, 2022, to connect Emirati investors with Israeli public companies listed on TASE. H.E. Hamad Buamim highlighted the initiative as a platform for Israeli businessmen to learn about Dubai's economy. TASE's indices performed strongly in 2021, with the TA-35 and TA-90 indices rising by 32% and 33%, respectively. The collaboration aims to stimulate investments and enhance business opportunities.
Invesco has launched its first Exchange-Traded Funds (ETFs) on the Tel Aviv Stock Exchange (TASE) as of February 7, 2022. This initiative aims to meet the rising demand for ETFs in Israel and enhance Invesco's market share in the region. The initial offerings include popular UCITS ETFs like the Invesco S&P 500 and MSCI Emerging Markets ETFs, with plans for further expansion. Invesco's ETF assets under management in the EMEA region reached USD 67.5 billion with a 36% annual growth. The TASE will now feature over 30 foreign ETFs, indicating a growing ETF market in Israel.
The Tel Aviv Stock Exchange launched a new data distribution service on Nov. 29, 2021, enabling market players to access the full order book (Market by Order data protocol). This service allows traders to see all price levels and their compositions, enhancing market transparency. The update responds to decreased average amounts in the top five price tiers due to changes in trading volume and order size. It aligns TASE with international standards and supports foreign investors accustomed to similar trading systems. Data will be distributed via colocation infrastructure in Tel Aviv and a global access point in London.
The Tel Aviv Stock Exchange (TASE) has proposed a significant reduction in the cost of real-time trading data for private investors, aiming to increase accessibility and enhance market participation. Currently, investors pay NIS 4 monthly for Level 1 data. The new proposal suggests reducing costs for Level 1 data to as low as NIS 1 and Level 2 data from NIS 35 to NIS 15-18, effectively cutting prices by nearly 50%. This initiative seeks to encourage more brokerage firms to engage with smaller investors and will also facilitate real-time data access on financial websites for NIS 1 per month.
The Tel Aviv Stock Exchange (TASE) reported its financial results for Q3 2021, achieving a revenue of NIS 75 million, up 4% from the previous year, despite a 10% decrease in trading days. Key highlights include 21 IPOs raising NIS 2 billion and a historic market cap surpassing NIS 1 trillion. Profit surged 79% to NIS 9.6 million, driven by increased revenue from services outside trading. TASE expects growth due to government initiatives boosting market activity.
The Tel Aviv Stock Exchange (TASE) announced that it will publish its financial statements for Q3 2021 on November 22, 2021, after market close. A conference call will be held at 8:00 PM (Israeli time) the same day, hosted by CEO Ittai Ben-Zeev and CFO Yehuda van der Walde, to review the financial results. The call will include a Q&A session and will be available in English. A recording will be accessible on TASE's investor relations website following the event. The financial results will also be reported on the Israeli Securities Authority website.