Harel Seeks TASE Membership as Israeli Broker Competition…
By Rick Steves
AI summary of the source article
Harel Finance has applied to join the Tel Aviv Stock Exchange through subsidiary Harel Securities Trading. If approved, the platform plans to provide retail investors access to Israeli and international securities, foreign exchange, and derivatives.
Why it matters
TASE chief executive Ittai Ben Zeev said another financial institution could widen competition and investor access.
Key facts
- Harel Finance applied for Tel Aviv Stock Exchange membership through its subsidiary Harel Securities Trading, primarily targeting retail investors.
- Elad Simes has been appointed chief executive of the planned brokerage company.
- Harel Finance manages more than NIS 200 billion in assets, and its application would place it among 25 active bank and non-bank TASE members if approved.
Source excerpt · FinanceFeeds
The insurer’s investment arm plans to offer retail investors access to Israeli and international securities if its application is approved. Harel Finance has applied to join the Tel Aviv Stock Exchange through subsidiary Harel Securities Trading , a move that could add another retail-facing broker to the Israeli market after approval by the exchange’s board. The application is not an admission to…