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Tel Aviv exchange acts to stem flight of investors

Concern is growing about how to keep the struggling exchange relevant to Israel’s robust high tech-based economy

Tel Aviv exchange acts to stem flight of investors
Tel Aviv exchange acts to stem flight of investors
Tel Aviv exchange acts to stem flight of investors

The Tel Aviv Stock Exchange’s new building, opened at the end of 2014 and costing nearly $100 million, was supposed to give the bourse a boost into the modern era. But trading volumes on April 10 dropped to the lowest daily level since 2003 and concern is growing about how to keep the struggling exchange alive and relevant to Israel’s robust high tech-based economy.

For more than two years, the exchange's chief executive Yossi Beinart, a former president of the Chicago-based North American Derivatives Exchange, has been fighting the falling volumes and trend of companies to delist with a litany of creative measures, including a proposal for the involuntary listing in Tel Aviv of companies traded on foreign stock markets.

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