Interactive Brokers UK Applies for Remote Membership of Tel-Aviv Exchange

Interactive Brokers (UK) Ltd, the British arm of US brokerage Interactive Brokers (IB), announced today that it plans to apply for remote membership with the Tel-Aviv Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term (TASE), according to a corporate statement.

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IBUK's status as a remote member will enable the FCA-regulated broker to provide its traders with direct access to TASE trading. At the same time, its membership will increase the exposure of the bourse’s listed companies to a broad spectrum of foreign investors.

The TASE said that Interactive Brokers’ decision to become a remote member of the exchange is a sign of confidence in the Israeli economy whilst further deepening the company’s Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term on the Tel-Aviv Stock Exchange.

Ittai Ben-Zeev, TASE's Chief Executive Officer, welcomed IBUK's application, stating: “We are pleased that Interactive Brokers is planning to join TASE as a remote member. The addition to TASE of one of the world’s largest international brokerage firms is an expression of confidence in the Israeli capital market and in Israeli investors. This is a direct result of our strategic plan and aspiration to increase the number of Israeli and international TASE members, to enhance competition for the benefit of the public investors and to make TASE trading more accessible for the public investors in Israel and abroad.”

Jon Chait, COO at Interactive Brokers, added: “We are delighted to join the Tel Aviv Stock Exchange. We believe IB’s international scope provides opportunities for investors to efficiently and cost effectively access smaller markets that larger established financial institutions don’t serve because they don’t see sufficient scale.”

Mr. Chait also noted: “IB’s technology driven business model is not limited in this way. Our software is borderless, so investors can access international markets with the same efficiency regardless of where they are located.”